Multistrategy Hedge Funds Shine Brightly in 2024 with Gains
In 2024, multistrategy hedge funds saw impressive double-digit returns, marking a strong year for the industry overall
Multistrategy Funds, Hedge Funds, New York, USA, Millennium Management, D.E. Shaw
New York: So, guess what? Multistrategy hedge funds really knocked it out of the park in 2024. They mostly racked up double-digit gains, which is pretty awesome for the hedge fund scene.
Millennium Management, one of the big players, jumped 15%. That’s the best it’s done since 2020! A source who wanted to stay anonymous spilled the beans on that.
D.E. Shaw’s main fund did even better, gaining 18%. And their second-largest fund, Oculus, went up a whopping 36%. Talk about a good year!
Even smaller funds got in on the action, benefiting from higher interest rates and a booming stock market. Plus, there was a lot of trading excitement around Trump’s election win.
ExodusPoint Capital Management also had a solid year, returning 11.3%, which is its best since 2020. Not too shabby!
And let’s not forget Balyasny Asset Management and Schonfeld Strategic Advisors. They both bounced back nicely, with Schonfeld’s funds returning around 20% each. Balyasny’s Atlas Enhanced Fund gained 13.6%, a big improvement from last year.