A blockbuster quarter for equities helped fuel strong returns from big-name hedge funds.
Through the first six months of 2026, the most closely watched space in the industry — the large-scale multistrategy managers such as Millennium, Point72, and Schonfeld — has performed well.
Here are some highlights:
- Point72 returned 3.4% in June, pushing Steve Cohen's firm's first-half returns to 14.5%, a person close to the manager told Business Insider.
- Millennium is up 10.5% for 2026's first six months, a person close to the fund told Business Insider, after a gain of 4.1% in June.
- Schonfeld posted a 2.5% gain in June, bringing the manager's flagship to 8.4% for the first half of the year.
Investors began pricing in an Iran-war resolution at the very end of March. The result was a market bottom that lined up perfectly with the start of a new quarter. The S&P 500 rose 15% for the period, while the tech-heavy Nasdaq 100 surged 28%. Not to mention, SpaceX started trading publicly after the biggest IPO in history.
The S&P 500 finished the first half of 2026 up close to 10%. While that's outpaced most hedge funds, some managers' equity-only options have outperformed. Schonfeld's Fundamental Equities fund, for example, is up 12.3% in the first half after a 3.6% gain last month, a person close to the manager said.
Firms mentioned in the story and the table below declined to comment.
This story was originally published on July 1 at 1:18 PM. New figures have been added to the table below as they have been learned.
| Fund | June performance | 2026 performance |
| Pinpoint Asset Management | 4.4% | 16.9% |
| Dymon Asia | 3.7% | 15% |
| Point72 | 3.4% | 14.5% |
| Millennium | 4.1% | 10.5% |
| Schonfeld Partners | 2.5% | 8.4% |
| Man Group 1783 | 2.2% | 7.8% |
| LMR | 2.6% | 7.1% |
| North Rock | 1.7% | 6.9% |
| Citadel Wellington | 1.8% | 5.7% |
| Verition | 1.6% | 5.6% |
| ExodusPoint | 0.2% | 4.3% |
| Jain Global | 3.2% | 3.9% |
| Boothbay | -0.9% | 3.4% |
| Balyasny | 2% | 2.6% |
| Walleye | -0.1% | 0.4% |
