Finance Review: ExodusPoint Surges Among Multistrategy Hedge Funds
Wednesday, 2 October 2024, 16:32
ExodusPoint Demonstrates Strong Performance
In a competitive month, ExodusPoint emerged as a leader within the world of multistrategy hedge funds, posting a strong 1.5% increase in September. This growth contributes to an impressive 6.5% year-to-date return as the $11 billion manager adapts to new cash hurdles affecting performance fees.
Competing Hedge Funds Performance Overview
- Millennium: Up 1.1% in September, with a total 9.5% increase so far this year.
- Schonfeld: Continued its stellar performance with 1.1% growth last month, totaling 13.1% for the year.
- Citadel: Finished September flat with its flagship Wellington fund but still maintains a nearly 10% increase for 2024.
- Walleye Capital: Experienced a setback, reporting a 0.2% decline in September yet shows an 11.1% annual gain.
This performance disparity emphasizes the volatility and competitiveness in the hedge fund arena, further urging institutional investors to seek accountability for costs involved.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.