Hedge funds are off to a good start in 2024 after mediocre performance last year.
January returns were strong at multi-strategy managers like Citadel, Point72, and Millennium.
A leaner Schonfeld closed out a rough 2023 on high note, and it's kept the momentum going in 2024.
In 2023, even the best multi-strategy hedge funds trailed the broader stock market.
Citadel led its peers with a 15.3% gain last year, but the S&P 500 notched a total return of 26.3%.
Persons:
it's, Ari Glass
Organizations:
Citadel, Business
Locations:
Point72, Wellington