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Business Insider
04-08-2025
- Business
- Business Insider
How big hedge funds — including Citadel, Schonfeld, and Marshall Wace — did in July
Big-name hedge funds like Citadel were positive in July. Stock markets were up in the month, though there was a lot of quant pain. Read below for Business Insider's monthly performance round-up. July was another rocky month for multistrategy hedge funds, despite equity markets ticking up. One of the industry's biggest names handled the chopiness well, though. Ken Griffin's Citadel gained 1.3% in July in its flagship Wellington fund, people close to the manager said. The Miami-based hedge fund giant, which posted rare losses in February and March, is now up 4% for the year. The S&P 500 returned 2.2% in July, as markets wrapped up a turbulent-but-resilient month buoyed by strong corporate earnings and optimistic retail investors. Managers with large quant teams faced a challenging stretch, however. A weekslong drawdown in bread-and-butter systematic strategies stung hedge funds, though a Morgan Stanley note from the end of last week stated that a strong end to July helped quants recover 30% of their losses from the month. Unlike pure-play quant funds like Renaissance Technologies or Qube Research & Technologies, multistrategy funds are often able to ride out difficult markets thanks to their diversification. For example, $14 billion Schonfeld, which is known for its strong quant teams, was down 0.3% last month in its flagship fund, less than many rivals that only manage computer-run funds are believed to have experienced. A fund that only includes Schonfeld's fundamental equity teams was up 1.4% last month, a person close to the manager said, helping mitigate losses in quant and other strategies. At Griffin's firm, stockpickers led the way. The manager was up 2.1% in July in its Tactical Trading fund, which blends human stockpickers and quant strategies, and 3.1% in its Global Equities fund. The strategies are up 8.3% and 6.3% for the year, respectively, the person said. The managers declined to comment. Additional performance figures will be added once confirmed.
Bloomberg
27-06-2025
- Business
- Bloomberg
Bloomberg Daybreak Asia: Rate Cut Bets Fuel Rally, Lutnick on US-China Deal
Asian stocks advanced after a gauge of global equities touched a record high Thursday on calming geopolitical concerns and increased expectations for Federal Reserve interest-rate cuts this year. Equities in Japan, South Korea and Australia all rose Friday after the S&P 500 advanced 0.8% to within striking distance of a new high. The Nasdaq 100 achieved the feat after rising 0.9% on Thursday, helping MSCI's global shares index to a record high. US stock futures edged higher Friday. We get market insights from Rebecca Walser, President at Walser Wealth Management. Plus - Commerce Secretary Howard Lutnick says the US and China have finalized a trade understanding reached last month in Geneva. The China deal, which Lutnick said had been signed two days ago, codifies the terms laid out in trade talks between Beijing and Washington, including a commitment from China to deliver rare earths used in everything from wind turbines to jet planes. Lutnick speaks with Bloomberg Balance of Power hosts, Joe Mathieu and Kailey Leinz.
Bloomberg
26-06-2025
- Business
- Bloomberg
Stocks Hit Record as Fed Cut Bets Gain Momentum: Markets Wrap
Asian stocks were set to advance after a gauge of global equities touched a record high Thursday on calming geopolitical concerns and increased expectations for Federal Reserve rate cuts this year. Equity index futures in Japan, Australia and Hong Kong were all higher early Friday after the S&P 500 advanced 0.8% to within striking distance of a new high. The Nasdaq 100 achieved the feat after rising 0.9%, helping MSCI's global shares index to a record high. Contracts for US equities edged higher early Friday.
Bloomberg
12-05-2025
- Business
- Bloomberg
Japanese Stocks Set to Rise on US-China Tariff De-Escalation
Japanese stocks are set to extend their winning streak after the US and China agreed to a massive de-escalation in tariffs, sending the yen lower and boosting global equities. Nikkei 225 futures were at 38,720.00 on the Chicago Mercantile Exchange, compared with the last close of 37,644.26 for the underlying gauge. A gain in the broader Topix on Tuesday would drive the gauge higher for a 13th straight day, the longest rally since August 2009.
