Latest news with #Schonfeld
Reuters
4 days ago
- Business
- Reuters
How hedge funds performed in turbulent July
LONDON/NEW YORK, Aug 5 (Reuters) - Hedge fund returns climbed in July as many were lifted by rising stock markets that hit record highs, though others were caught in turbulence sparked by U.S. trade uncertainty, according to a Goldman Sachs report and sources familiar with the funds. Hedge fund stockpickers returned almost 1.5% in July and are up roughly 7.8% for the year so far, said Goldman Sachs in a note to clients on Monday seen by Reuters. Systematic hedge funds trading stocks were on track to deliver their worst monthly performance on record before rebounding after July 25 to claw back half of their losses, finishing with a negative 2% return, said Goldman. These funds were up 10% for the year so far, however, added the bank. While stockpickers benefited by piling into already crowded trades, hedge funds using algorithms to create systematic trading strategies were hurt by busy trades, said Goldman. The S&P 500 (.SPX), opens new tab hit record highs during July, but only returned 1.38%. The biggest multi-strategy funds posted muted returns, including Schonfeld Strategic Advisors' flagship fund Strategic Partners, which was down 0.3% in July and is now up 5.8% for 2025, according to a source familiar with the matter. Schonfeld's Fundamental Equity fund gained 1.4% last month and was up 7.1% in the year, the source added. The $76.9 billion British hedge fund Marshall Wace returned a negative 0.2% in its Market Neutral TOPS fund, bringing its half-year performance to roughly 11%. Its Eureka fund returned 1.6% in July and is up 6.1% for 2025 so far, said another source familiar with the fund's results. *result as of Aug 4 **class B shares, as of July 25
Business Insider
7 days ago
- 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.
Yahoo
02-07-2025
- Business
- Yahoo
Biggest Hedge Funds Extend Gains During Chaotic Six Months
(Bloomberg) -- The biggest hedge funds added to their gains in June, sailing through the first half of the year amid global market chaos sparked by President Donald Trump's tariffs and the Israel-Iran war. Struggling Downtowns Are Looking to Lure New Crowds NYC Commutes Resume After Midtown Bus Terminal Crash Chaos What Gothenburg Got Out of Congestion Pricing California Exempts Building Projects From Environmental Law Massachusetts to Follow NYC in Making Landlords Pay Broker Fees Schonfeld's Fundamental Equity fund rose 2.5% last month, while the firm's flagship multistrat hedge fund Strategic Partners advanced 1.1%, according to people with knowledge of the matter. Balyasny gained 2.4%, while Marshall Wace's $26 billion Eureka hedge fund soared 6% in June through last Friday, erasing all prior losses in the year, the people said, asking not to be identified discussing private information. Dymon's multistrategy money pool gained 2%, while Citadel's flagship Wellington fund added 1.7% in June. The results burnish hedge funds' image as volatility dampeners during violent movements in certain asset classes. The S&P 500 index, for example, fell almost 20% between mid-February and mid-April, before rebounding to reach an all-time high by the end of June. Oil prices spiked during the Israel-Iran conflict last month, but quickly fell back following a truce. 'This year's market volatility and tariff chaos led to generally better returns for the hedge fund industry, except for trend followers that suffered due to tough macro conditions,' said Roger Hilty, a partner at LGT Capital Partners. 'Machine learning hedge funds were star performers, while stock-pickers and credit-focused managers benefited from market dispersion.' Marshall Wace's Eureka fund enjoyed one of its best-ever monthly gains, aided by its early-stage bet on Circle Internet Group Inc. Shares in the stablecoin issuer have soared following a stellar initial public offering. Multistrats generally rode out the market swings that followed various US tariff announcements and pauses, keeping their losses to a minimum. And as markets settled, returns have improved and many are on track to match long-term averages for multistrats. 'They have generally navigated well through another difficult cycle,' said Jon Caplis, head of hedge fund research firm PivotalPath. Representatives for all the investment firms declined to comment. The results are preliminary and include multistrats and other types of hedge funds: --With assistance from Bei Hu. (Updates chart with returns for Bridgewater Pure Alpha, Jain Global, ADAPT and others.) SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too America's Top Consumer-Sentiment Economist Is Worried How to Steal a House China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P.
Bloomberg
01-07-2025
- Business
- Bloomberg
Biggest Hedge Funds Extend Gains During Chaotic Six Months
The biggest hedge funds added to their gains in June, sailing through the first half of the year amid global market chaos sparked by President Donald Trump's tariffs and the Israel-Iran war. Schonfeld's Fundamental Equity fund rose 2.5% last month, while the firm's flagship multistrat hedge fund Strategic Partners advanced 1.1%, according to people with knowledge of the matter. Balyasny gained 2.4%, while Marshall Wace's $26 billion Eureka hedge fund soared 6% in June through last Friday, erasing all prior losses in the year, the people said, asking not to be identified discussing private information.
Bloomberg
17-06-2025
- Business
- Bloomberg
Schonfeld Backs Abu Dhabi Hedge Fund Startup With $500 Million
Schonfeld Strategic Advisors is backing a new hedge fund in Abu Dhabi, allocating about $500 million to Omar Newera, a former Waha Capital portfolio manager, according to people familiar with the matter. The long-short equity fund, expected to start operating later this year or in early 2026, will trade exclusively for Schonfeld for a period of time, the people said, requesting anonymity to discuss private information. Schonfeld has reserved the right to increase its allocation over time.
