January hedge fund returns: How Millennium, Schonfeld, and more did
Feb 03, 2025 - businessinsider.com
In January, despite macroeconomic uncertainties and market volatility, major hedge funds reported positive returns. Walleye led the multistrategy hedge funds with a 3.6% gain, followed by Balyasny and Schonfeld, which posted gains of 2.5% and 2.2%, respectively. The hedge fund industry, valued at $4.5 trillion, managed to navigate a month marked by geopolitical tensions and advancements in artificial intelligence, particularly from China's DeepSeek. The S&P 500 ended the month with a 2.7% increase, although there was a notable mid-month sell-off in tech stocks like Nvidia.
Multistrategy funds, favored by limited partners for their resilience to volatility, largely withstood the tech sell-off and macroeconomic jitters. While ExodusPoint and Millennium did not outperform the market, they still achieved gains of 2% and 0.5%, respectively. The article highlights the ability of these funds to generate positive returns in a challenging market environment, with more firms expected to report their performance as data becomes available.
Key takeaways:
Walleye led multistrategy hedge funds with a 3.6% gain in January.
Balyasny and Schonfeld also saw positive returns, with gains of 2.5% and 2.2%, respectively.
Despite market volatility and a tech sell-off, multistrategy funds performed well overall.
ExodusPoint and Millennium had positive returns, making 2% and 0.5% in January, respectively.
