"Hedge funds' biggest names had a solid November despite an early-month sell-off of hot tech stocks. Citadel, Balyasny, and ExodusPoint all made money in the month, people close to the managers told Business Insider. Miami-based Citadel, run by billionaire Ken Griffin, was up 1.4% in its flagship Wellington fund. The fund has made 8.3% for the year. The manager's Tactical Trading fund, which combines the firm's quant and flesh-and-blood stockpickers, is up 16.3% in 2025 after 2.6% gain last month."
"The $30 billion Balyasny continued its strong year with a 2.5% gain in November. The manager is now up 15.3% in 2025. ExodusPoint pushed its year-to-date returns to 15.6% with a 1.2% bump in November. These firms and many other multistrategy managers outperformed the S&P 500 last month; the index gained just 0.1% thanks to an early-month sell-off of tech stocks that was partially reversed by strong earnings from chipmaker Nvidia and solid iPhone sales by Apple."
Major multistrategy hedge funds generated gains in November despite an early-month tech sell-off. Citadel's flagship Wellington fund rose 1.4% in November and is up 8.3% year-to-date; its Tactical Trading fund gained 2.6% in November and is up 16.3% in 2025. The $30 billion Balyasny gained 2.5% in November and is up 15.3% in 2025. ExodusPoint rose 1.2% in November, pushing year-to-date returns to 15.6%. Many multistrategy managers outperformed the S&P 500, which gained just 0.1% in November as tech weakness was partially reversed by Nvidia earnings and strong iPhone sales.
Read at Business Insider
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