Multistrategy hedge funds’ returns were muted in August, though managers likely appreciated a quieter month after a turbulent July.
Ken Griffin’s Citadel followed a record-breaking July with 0.1% gain in August, putting the Miami-based firm’s 2026 gains at 12.1%, a person close to the manager said.
Izzy Englander’s Millennium Management was flat in August, a person close to the manager told Business Insider, putting the firm’s 2026 gains at 8.2%. Balyasny lost 0.7% last month, according to a source familiar with the firm’s returns, and has gained 0.5% in 2026.
Fast-growing Dymon Asia lost 1.1% while LMR gained just 0.3% in its multistrategy fund.
There were some bright spots among the multistrategy crowd. Michael Gelband’s ExodusPoint gained 1.4% in August, a person close to the firm told Business Insider, pushing the firm’s 2026 gains to 4.9%. Man Group’s 1783 fund was up 1.7%, a person close to the London-based manager told Business Insider.
Most funds are trailing the S&P 500 index, which is up more than 12% year to date after a 2.6% gain in August.
Firms mentioned declined to comment.
This story was originally published on September 3 at 10:21 am. New figures have been added to the table below as they have been learned.
