The biggest hedge funds made modest gains in May. How Citadel, Point72, and more stack up.

Citadel founder Ken Griffin speaks onstage.Apu Gomes via Getty ImagesBig-name managers like Citadel, Point72, and Balyasny made money in May.Michael Gelband's ExodusPoint was also up and has been one of the top firms this year.May was a strong month for equities generally, as the S&P 500 had its biggest gain since 2023.Multistrategy hedge funds protected their investors from the worst of 2025's stock market volatility in March and April. Now, after equity markets surged in May, the same managers also did not reach the same highs as indexes such as the S&P 500.The flagship fund for $66 billion Citadel, Wellington, was up 0.2% in May pushing the fund's 2025 gains to 0.8%, a person close to the firm told Business Insider. Billionaire Steve Cohen's Point72, meanwhile, returned 0.9% last month, bringing the $37.7 billion firm's yearly gains to 3.9%, an individual close to the firm said.Millennium, the $73 billion firm run by billionaire Izzy Englander, is now positive for the year at 0.4%, according to a person familiar.Billionaire Ken Griffin's Citadel and Millennium uncharacteristically lost money in back-to-back months in February and March, as President Donald Trump's policies rattled global markets.Stock markets have rebounded, with the S&P 500 in the black for 2025 now, thanks to the best May since 1990. The index returned 6.2% in May, the strongest individual monthly gain since November of 2023.ExodusPoint, the multistrategy firm founded by former Millennium executive Michael Gelband, has been a standout performer so far this year. After a 1% gain in May, the fund is up 7.5% for the year, outpacing Gelband's former firm.May's best performer among the multistrategy cohort is a $3 billion manager, Dymon Asia, which has teams based across different Asian and Middle East markets. It was up 3.3% for the month and 8% for the year, a person close to the manager said.The firms mentioned in the story and the table below declined to comment. The table will be updated as additional performance figures are learned.FundMay performance2025 performanceAQR Apex2.4%10.6%Dymon Asia3.3%8%ExodusPoint1%7.5%Walleye1.1%6.2%Man Group 17831.1%5.4%Balyasny1.4%4.8%Schonfeld Partners1.4%4.7%LMR1.3%4.6%Point720.9%3.9%Citadel Wellington0.2%0.8%Read the original article on Business Insider

Comments

Business News

Top family names with unclaimed estates in the UK - check for yours on list

Express

‘Brandy’ Singer-Songwriter Elliot Lurie Talks Enduring Popularity Of Proto-Yacht Rock Hit More Than 50 Years Later: ‘Good, Tight Storytelling’

about 4 hours ago

How Big Is Keanu Reeves’ John Wick Role In Ana De Armas’ ‘Ballerina’?

Forbes

Comments

Business News

Top family names with unclaimed estates in the UK - check for yours on list

Strikes by airport workers could disrupt summer holidaymakers, union warns

Trump’s immigration, trade policies could cost tourism industry $12B: report

Shoppers rush to buy ‘bargain’ cabin suitcase with 5 star reviews from Dunelm

Peacocks launches huge clearance sale ahead of closing much-loved shop

Strikes by airport workers could disrupt summer holidaymakers, union warns

When Chinese manufacturing met Small Town, USA

What the Musk-Trump feud means for SpaceX

‘The Phoenician Scheme’ Reviews: Do Critics Buy Into Wes Anderson’s Comedy?

Republicans Like Health Savings Accounts

Today’s ‘Wordle’ #1449 Hints, Clues And Answer For Saturday, June 7th

Trump Has Options to Punish Musk Even if His Federal Contracts Continue

Jillian Sackler, Philanthropist Who Defended Husband’s Legacy, Dies at 84

Trump orders federal government to help bulk up U.S. drone industry

Hiring in the U.S. slows, though employers still added a solid 139,000 jobs in May

How Trump's pick for surgeon general uses her big online following to make money

A Michigan marijuana store will pay $205K to settle a workers' lawsuit over lost tips

Lululemon fans furious as tariffs threaten to drive prices even higher amid stock plunge

EuroMillions jackpot rolls over AGAIN as UK’s biggest ever prize at £208m goes unclaimed

DeepWho? DeepSeek rolled out even more powerful, cheap AI tech. If you missed it, you're not alone.

Who owns a acoustic piano these days? Across the country, less people are buying them

Trump Compares Russia-Ukraine War To Kids Brawling— What Does That Signal About The Fight's Future?

Former GOP Rep David Jolly, Who Joined FL Gov Race As A Dem, Explains Why He Won't Bring Up Trump

When Is Wes Anderson’s ‘The Phoenician Scheme’ Coming To Streaming?

Here’s How Many Times The White House Insisted Abrego Garcia Wouldn’t Be Brought Back To The U.S.

What To Watch This Weekend: New Shows And Movies To Stream On Netflix, Hulu, Prime Video, Apple TV And More

Jai Courtney On ‘Dangerous Animals’ And Missing Out On ‘Jack Reacher’

Keyshawn Davis Misses Weight By Wide Margin, What Happens Now?

Buyer With Ties to Chinese Communist Party Got V.I.P. Treatment at Trump Crypto Dinner

AMC Says It Will Show More Ads Before Movies

U.S., China set to meet on trade in London, Trump says

Southern California air regulators weigh a plan to phase out gas furnaces and water heaters

Greggs mania as legions of JAPANESE fans desperate to visit UK to try firm’s £1.30 sausage roll

Owner of Pret A Manger plans stock market flotation & may sell stake in business

Candidate emerges as HSBC hunts for new chairman

Leading businessmen Simon Peckham urges politicians to back UK firms

RAY MASSEY: New electric Mini Aceman packs a bit of poke

Donald Trump calls for jumbo rate cut in row with Fed

Tariff-hit steel maker Tata begs for US trade deal

ALEX BRUMMER: 'Wise old hen' Chancellor dances on a pinhead

Pret A Manger brews up stock market listing

How far would you go to avoid your personal tax raid? This is Money Podcast

The biggest bombshells and takeaways from Musk's fight with Trump

Diabetes startup Omada Health finally went public after 14 years. Here's who made bank.

Brookfield Properties lays off executives as it continues evolution from CRE giant to asset manager

Hallmark Leading Ladies Alison Sweeney And Ashley Williams Team Up To Explore Barcelona In Two-Part Movie

Kilmar Abrego Garcia Returns To U.S. For Criminal Prosecution—After White House Insisted He Wouldn’t

Battle Of The Titans: No. 1 Sinner, No. 2 Alcaraz To Meet In Roland Garros Final

NYT ‘Strands’ Today: Hints, Spangram And Answers For Saturday, June 7th

6 Reasons to Watch The UFC 316 Fight Card

Some Vulnerable House Republicans Flip On Trump’s Policy Bill—Now Want Pro-Tesla Changes After Musk Blow-Up

‘Brandy’ Singer-Songwriter Elliot Lurie Talks Enduring Popularity Of Proto-Yacht Rock Hit More Than 50 Years Later: ‘Good, Tight Storytelling’

How Big Is Keanu Reeves’ John Wick Role In Ana De Armas’ ‘Ballerina’?

Oklahoma City Not Fazed By Game 1 Loss To Indiana In NBA Finals

What Makes Coco Gauff The Most Marketable Tennis Player In The World

Unite union had ‘pervasive fraud environment’, auditors say

Winklevoss twins’ Gemini crypto exchange files for IPO after Circle’s successful launch

Ikea has launched a huge summer sale with bargains from 50p

The sneaky service charges adding thousands to YOUR bill and how to fight back

Unite union had ‘pervasive fraud environment’, auditors say