ExodusPoint led multimanager hedge funds with a 1.5% gain last month and is up 6.5% in 2024.
Millennium and Schonfeld had strong returns; Citadel, Balyasny, and Walleye lagged behind.
AdvertisementIn the last month before a new cash hurdle forces the firm to outperform for performance fees, ExodusPoint led the way among multistrategy hedge funds.
The $11 billion manager was up 1.5% last month, bringing its 2024 numbers to 6.5%, a person close to Michael Gelband's fund said.
The firm was down 0.2% last month, though it is still up 11.1% on the year, a person close to the firm said.
Persons:
ExodusPoint, Schonfeld, —, Michael Gelband's, Ken Griffin's
Organizations:
Citadel, Walleye, Service, Business
Locations:
Balyasny, York, Wellington, Miami