Walleye, Balyasny start 2024 strong. Here's how hedge funds did in January.
Briefly

In January, a month marked by geopolitical tensions and market fluctuations, major hedge funds demonstrated resilience, with Walleye leading the pack at a 3.6% gain. Despite a challenging environment characterized by sell-offs in significant tech stocks like Nvidia, multistrategy funds like Balyasny and Schonfeld also reported gains of 2.5% and 2.2%, respectively. While the S&P 500 rose by 2.7%, other firms like ExodusPoint and Millennium managed to navigate the turmoil, albeit with lower returns. This performance suggests a favorable outlook for multistrategy funds amidst ongoing market volatility.
January was a challenging month for markets, but leading hedge funds like Walleye and Balyasny still showed positive performance amid volatility.
Despite macroeconomic tensions and tech sell-offs, multistrategy hedge funds demonstrated resilience with notable gains.
Read at Business Insider
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