Hedge fund numbers are rolling in — here's how Citadel, Millennium, Balyasny, and other big names fared in the first 5 months of the year.
Citadel's flagship Wellington fund posted a 6.13% return for the first five months of the year, above year-to-date returns for hedge fund rivals Point72, which is up around 5%, and Millennium, up 1.6%, according to people familiar with the returns.For May, top-performing multistrategy funds — named for their expertise in a wide variety of investing strategies — include Englander's Millennium and Balyasny, which returned 1.05% and 1%, respectively.
The S&P 500 was up 0.29% in May and 9.3% for the first five months of the year as investors rallied around the AI boom, including chip-maker Returns are still rolling out, but the major hedge fund players did not see major movements within their flagship funds. Representatives for the firms declined to comment.Equities fund was up 1.25% last month and is up 7.32% year to date, while the Tactical Trading fund gained 0.98% and 7.15% over the same respective periods. The Global Fixed Income fund was up 0.71% and gained 2.97% since January, according to people familiar with the returns.
In other hedge fund news: London-based hedge fund Marshall Wace's Eureka flagship fund, an equity fund managed by founder Paul Marshall, climbed 1.74% in May and is up 1.70% year to date.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AI community is ‘making a terrible mistake’ in hyping the tech, says Citadel’s Ken GriffinThe AI community may regret its early hype around the technology, billionaire investor Ken Griffin warned.
Read more »
Citadel internship pays $5,000 a week — and provides free housing in NYCThe interns hail from graduate and undergraduate programs of elite colleges and universities such as MIT, UC Berkeley, Harvard, and Stanford.
Read more »
Citadel's Ken Griffin says the A.I. community is making a mistake by creating so much hypeKen Griffin, founder and CEO of Citadel, said Tuesday that the hype around artificial intelligence could be overblown at this stage.
Read more »
Norfolk Southern CEO speaks about train safety, derailment recoveryAlan Howard Shaw spoke about recovery efforts in East Palestine and new safety training for first responders.
Read more »
RECALL: 85,000 cordless hedge trimmers recalled due to laceration hazardIf you own this type of hedge clipper, experts from the Consumer Product Safety Commission are urging consumers to stop use immediately.
Read more »