"The firm's five strategies that feed into its flagship Wellington fund - fundamental equity, quant, commodities, fixed income and macro, and credit and convertibles - were all up last month, a person close to the Miami-based manager told Business Insider. The fund was up 1.9% on the month, bringing its 2026 gains to 2.9%."
"It was another banner month for Asia-based multistrategy funds. $6 billion Dymon Asia made nearly 5% in February, bringing its 2026 gains to more than 10%, while Pinpoint Asset Management is up 6.6% for the year in its flagship fund."
"The stock market was down on the month, as the S&P 500 index gave back some of the gains it had notched in January. The broad sell-off in software stocks, driven by AI releases, hurt blue-chip companies like Salesforce."
Hedge funds demonstrated resilience in February, posting gains while the S&P 500 index declined. Citadel's flagship Wellington fund rose 1.9% for the month, with all five strategies profitable, bringing year-to-date gains to 2.9%. ExodusPoint gained 0.9%, reaching 2.6% for 2026. Asia-based multistrategy funds led performance, with Dymon Asia achieving nearly 5% in February and exceeding 10% year-to-date returns. Pinpoint Asset Management posted 6.6% gains for the year. The broader market faced headwinds from software stock sell-offs and geopolitical tensions affecting oil prices.
Read at Business Insider
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