"Well-known hedge funds, including Balyasny and ExodusPoint, made money last month, building on their gains as they enter the last quarter of 2025. Dmitry Balyasny's eponymous firm returned 1.3% in September, boosting its 2025 returns to 10%, a person close to the manager said. Michael Gelband's ExodusPoint continued its strong year with a 2% gain in September, according to an individual familiar with the New York-based asset manager. It's now up 12.3% for 2025."
"These monthly returns trail the overall market; however, as US markets continue to trend up. The S&P 500 returned 3.5% in September and is now up nearly 14% in 2025 - a shocking reversal after the market turbulence following the initial rollout of President Donald Trump's tariffs in the spring. Last month also saw the closure of Eisler Capital, the London-based multistrategy firm founded by former Goldman Sachs bigwig Ed Eisler."
Multistrategy hedge funds were mostly positive in September, with several managers adding to year-to-date gains. Dmitry Balyasny's firm returned 1.3% in September, raising its 2025 return to 10%. ExodusPoint posted a 2% gain in September and is up 12.3% for 2025. Monthly hedge fund returns lagged the broader market as the S&P 500 rose 3.5% in September and is nearly 14% higher year-to-date. Markets reversed earlier turbulence following the spring rollout of President Donald Trump's tariffs. Eisler Capital closed after losing money through August and failing to compete in the costly talent market.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]