CoinVoice has recently learned that, according to Bloomberg, the world's largest hedge fund has fully capitalized on the trading opportunities triggered by Trump's election last month, making the industry likely to achieve its strongest returns in at least four years. Sources revealed that Balyasny Asset Management's hedge fund gained 3.9% last month, helping to turn its lackluster performance for the year to October into a 11.6% gain.
Insiders say that Schonfeld Strategic Advisors' Fundamental Equity pool and Citadel's Tactical Trading fund also saw gains last month, raising their returns for 2024 to 18.6% and 20%, respectively, making them the best-performing multi-strategy hedge funds so far this year.
In addition, a benchmark index tracking 70 multi-strategy hedge funds by PivotalPath is expected to achieve the best performance since 2020. [Original link]