Major multistrategy hedge funds largely started 2026 with positive returns. Citadel's $65 billion Wellington fund returned 1% in January, while its Tactical Trading fund rose 2% and its fixed-income fund gained 1.3%. Schonfeld's flagship Partners fund returned 1%, and its Fundamental Equity fund returned 2.4%. LMR's convertibles-focused fund posted a 2.5% gain. The S&P 500 climbed 1.4% in January, hitting all-time highs mid-month before a slight pullback. Asia-focused managers outperformed peers, with Dymon Asia up 5% and Pinpoint Asset Management up 4.8%; Dymon Asia's gains were driven by Asian equities and FX strategies.
"The biggest hedge funds in the $5 trillion industry started 2026 in the black, for the most part. Ken Griffin's $65 billion Citadel returned 1% in its flagship Wellington fund in January, a person close to the Miami-based firm told Business Insider. Schonfeld also returned 1% in its flagship Partners fund last month, a person close to the firm said."
"Multistrategy funds place bets across a diversified set of strategies to generate strong returns for investors. However, a trend started in 2025 seems to be continuing for some bit names: several firms' smaller funds outperformed their broader flagship offerings. Citadel's Tactical Trading fund, which blends its fundamental stockpicking strategies with its computer-run ones, was up 2% in January, a strong showing given the choppy start to the year quant funds have faced."
"A bright spot in the industry was strategies focused on Asian markets. Two Asia-based multistrategy managers, $5 billion Dymon Asia and $3 billion Pinpoint Asset Management, had banner months, returning 5% and 4.8%, respectively. For Pinpoint, it was the best monthly return since July 2020, a person close to the manager told Business Insider. Dymon Asia's returns were driven by Asian equities and FX strategies, a senior executive at the firm told Business Insider."
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