Similar Stories to Balyasny Leads The Way For Multistrategy Managers In A Roller-coaster November. Here's How Firms Like Citadel, Millennium, And M on Bing News

Dmitry Balyasny speaks at the 2018 Milken Conference in Beverly Hills, California.Lucy Nicholson/ReutersThe industry's biggest names were up despite choppy markets following Donald Trump's victory.Balyasny led the way among multistrategy firms, posting a 3.9% monthly gain.Firms like Citadel and Schonfeld continue to build on a strong year of returns.The biggest names in hedge funds ended an up-and-down month in markets in the black.Multistrategy managers overcame the volatility surrounding Donald Trump's electoral victory — when markets initially skyrocketed but then sold off briefly before rebounding — with firms like Balyasny, Schonfeld, and Citadel posting strong returns for the month.Balyasny led the way among its peers with a 3.9% gain in November to bring the Chicago-based manager's 2024 returns to 11.6%, a person close to the manager confirmed.Schonfeld meanwhile continued its strong streak for the year, returning 1.8% in its flagship fund.

BING NEWS:
  • How Point72, Balyasny, and other big hedge funds surged during November's choppy markets
    Stock markets ripped after Donald Trump's electoral victory early in November before a sell-off and subsequent rebound.
    12/2/2024 - 4:21 am | View Link
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