According to ChainCatcher, the world's largest hedge funds fully capitalized on the trading opportunities triggered by Trump's election last month, positioning the industry for its strongest returns in at least four years. Insiders revealed that Balyasny Asset Management's hedge fund returned 3.9% for the month, helping to turn its lackluster performance for the year to date into a 11.6% return as of October.
Insiders say that Schonfeld Strategic Advisors' Fundamental Equity pool and Citadel's Tactical Trading fund both 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 from PivotalPath tracking 70 multi-strategy hedge funds is on track to achieve its best performance since 2020.