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%.
Well-known hedge funds, including Balyasny and ExodusPoint, made money last month, building on their gains as they enter the last quarter of 2025. Dmitry Balyasny's eponymous firm returned 1.3% in September, boosting its 2025 returns to 10%, a person close to the manager said. Michael Gelband's ExodusPoint continued its strong year with a 2% gain in September, according to an individual familiar with the New York-based asset manager. It's now up 12.3% for 2025.