The biggest hedge funds made modest gains in May. How Citadel, Point72, and more stack up.

"In May, multistrategy hedge funds like Citadel and Point72 posted modest gains, failing to match the S&P 500's impressive rise, which saw a 6.2% increase."

"Despite a strong overall market rebound in May that marked the S&P 500's best performance since 2023, hedge funds' gains remained subdued."

In May, major hedge funds such as Citadel, Point72, and Millennium posted modest gains, trailing behind the S&P 500, which surged 6.2%. Citadel’s Wellington fund gained only 0.2%, while Point72 and Millennium reported 0.9% and 0.4% increases, respectively. ExodusPoint, led by Michael Gelband, excelled with a 1% increase and a cumulative 7.5% rise for the year. Meanwhile, Dymon Asia stood out as the top performer in May with a 3.3% gain. The overall hedge fund industry faced challenges in March and April, impacted by market volatility due to political tensions.

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