Several of the world’s largest multistrategy hedge funds, including Point72, Millennium Management, and Citadel, reported positive returns for April 2026, reversing losses sustained during a difficult March. The gains were driven by a broad recovery in global equity markets.<\/p>\n
According to information provided to Business Insider by individuals close to the funds, Steve Cohen’s Point72 led the group with a 4.5% gain in April. This performance brought the Connecticut based firm’s year to date return to 8.5%.<\/p>\n
Izzy Englander’s Millennium Management returned 2.7% in April. The $84.2 billion fund now stands at 3.6% for the calendar year.<\/p>\n
Ken Griffin’s Citadel, the $67 billion manager based in Miami, reported a 1.4% gain in its flagship Wellington fund for April, bringing its 2026 return to 2.4%. Citadel’s Tactical Trading fund, which combines fundamental stock selection with quantitative strategies, rose 2.8% in April and is up 8.3% for the year.<\/p>\n
Other large managers also posted gains. Michael Gelband’s ExodusPoint gained 4% in April, returning the fund to positive territory for the year. Schonfeld, a $19 billion manager that avoided significant losses in March, reported a 2.5% return in its flagship Partners fund last month.<\/p>\n
Dmitry Balyasny’s eponymous firm, which manages $34 billion, was up 3.1% in April. However, the fund remains down 0.8% for 2026.<\/p>\n
Multistrategy managers trade across multiple asset classes globally. They are characterized by strict risk controls and diversified trading approaches. These structural features typically limit losses during market downturns, as was observed in March, but also constrain gains during rapid equity rallies.<\/p>\n
The S&P 500 index rose more than 10% in April, a benchmark none of the major multistrategy funds matched. The index is now up over 5% for the year to date.<\/p>\n
Business Insider also obtained performance figures for a wider set of funds. Pinpoint Asset Management reported a 5.2% gain in April and a 9.4% return for 2026. Dymon Asia posted 3.2% in April and 9% for the year. Man Group 1783 returned 2% in April, reaching 5.9% year to date. North Rock gained 3% in April and 5.3% for 2026. Boothbay recorded 3% in April and 3.4% year to date. Verition rose 3.1% in April and is up 2.6% for the year. LMR returned 2.5% in April and 2.2% in 2026. Walleye gained 4% in April and 1.3% for the year. Jain Global was up 3.2% in April and 0.5% year to date.<\/p>\n
All managers mentioned declined to comment for this article.<\/p>\n
The strong April performance has erased early year losses for many funds. Whether the equity market recovery continues through the remainder of 2026 or proves temporary remains uncertain. Fund performance for May and the coming months will provide further indications of market direction and the resilience of multistrategy trading models.<\/p>\n
This story was originally published on May 4 at 4:23 p.m. Performance figures have been updated as additional data became available.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Several of the world’s largest multistrategy hedge funds, including Point72, Millennium Management, and Citadel, reported positive returns for April 2026, reversing losses sustained during a difficult March. The gains were driven by a broad recovery in global equity markets. April Performance Overview According to information provided to Business Insider by individuals close to the funds, […]<\/p>\n","protected":false},"author":1,"featured_media":667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100],"tags":[782,781,777,783,780,778,779],"class_list":["post-668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-april-2026","tag-citadel","tag-hedge-funds","tag-market-recovery","tag-millennium-management","tag-multistrategy-funds","tag-point72"],"_links":{"self":[{"href":"https:\/\/buildconsole.com\/blog\/wp-json\/wp\/v2\/posts\/668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buildconsole.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buildconsole.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buildconsole.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buildconsole.com\/blog\/wp-json\/wp\/v2\/comments?post=668"}],"version-history":[{"count":0,"href":"https:\/\/buildconsole.com\/blog\/wp-json\/wp\/v2\/posts\/668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buildconsole.com\/blog\/wp-json\/wp\/v2\/media\/667"}],"wp:attachment":[{"href":"https:\/\/buildconsole.com\/blog\/wp-json\/wp\/v2\/media?parent=668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buildconsole.com\/blog\/wp-json\/wp\/v2\/categories?post=668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buildconsole.com\/blog\/wp-json\/wp\/v2\/tags?post=668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}