Citadel keeps climbing, Point72 is close behind, and their top competitors are all in the black a third of the way through the year.
Point72 had the best month among multi-strategy hedge funds, up 1.58% in April and 4.63% for the year. Citadel continues its hot streak with a 1.11% return in April and leads among peers year-to-date, up 5.37%.
Returns are still rolling out, but none of the other major multi-strategy players saw significant gains or major dips. Representatives for the firms declined to comment.
| Fund | April performance |
Year-to-date performance
|
| Point72 | 1.58% | 4.63% |
| Citadel | 1.11% | 5.37% |
|
D. E. Shaw (as of 4/21) |
0.60% | 1.90% |
| Balyasny | 0.82% | 1.32% |
| ExodusPoint | (0.10) | 0.80% |
| Millennium | Flat | 0.50% |
| Schonfeld | 0.30% | 0.20% |
April saw a reversal of sorts among hedge fund strategies. Systematic macro and CTAs, the winners of 2022, got clobbered in the first quarter of the year. But in April, they were the top performers, gaining 1.8% and 1.3%, respectively, according to BofA Global Research.
On average, the nine strategies BofA tracks were up 0.4%, with event-driven faring the worst (0.5).
The S&P 500 gained 1.5% during the month and is up 8.6% year-to-date.
