The most important hedge funds within the $5 trillion business began 2026 within the black, for probably the most half.
Steve Cohen’s $45.7 billion hedge fund Point72 began the 12 months sturdy with a 2.9% acquire, an individual near the agency stated.
Ken Griffin’s $65 billion agency Citadel returned 1% in its flagship Wellington fund in January, an individual near the Miami-based agency informed Enterprise Insider, whereas Izzy Englander’s Millennium, which manages $83 billion, was up 1.4%. Michael Gelband’s ExodusPoint, which had its best year in 2025, was up 1.8% in January, an individual near the supervisor stated.
Multistrategy funds place bets throughout a diversified set of methods to generate sturdy returns for buyers. Nonetheless, a pattern began in 2025 appears to be persevering with for some massive names: Citadel and Schonfeld’s smaller funds outperformed their broader flagship choices.
Citadel’s Tactical Buying and selling fund, which blends its elementary stockpicking methods with its computer-run ones, was up 2% in January, a robust displaying given the choppy start to the year quant funds have confronted. The agency’s fixed-income-only fund was up 1.3%, the individual near the supervisor stated.
Schonfeld’s Elementary Fairness fund was up 2.4% in January, and LMR’s convertibles-focused fund posted a 2.5% acquire final month, individuals near the 2 managers informed Enterprise Insider. Boothbay’s high-octane providing made 1.5% in January, whereas its flagship returned 1.3%, an individual near the New York-based agency stated.
The S&P 500 index was up 1.4% final month, hitting all-time highs in the course of January, earlier than dipping barely earlier than the month’s finish.
A vibrant spot within the business was methods centered on Asian markets. Two Asia-based multistrategy managers, $5 billion Dymon Asia and $3 billion Pinpoint Asset Administration, had banner months, returning 5% and 4.8%, respectively.
For Pinpoint, it was one of the best month-to-month return since July 2020, an individual near the supervisor informed Enterprise Insider. Dymon Asia’s returns had been pushed by Asian equities and FX methods, a senior govt on the agency informed Enterprise Insider.
Bobby Jain’s agency, in the meantime, continues to path friends. At first of the agency’s second full 12 months of buying and selling, Jain International misplaced 0.9% in January, an individual near the supervisor stated.
The corporations talked about declined to remark.
(Editor’s word: This story was initially printed on February 2 at 12:33 p.m. New figures have been added to the desk under as they’ve been discovered.)
