Hedge Funds Achieve Robust Double-Digit Returns in 2024

Top multistrategy funds capitalized on volatile markets, macroeconomic shifts, and a strong stock market to deliver significant gains.

Schonfeld Strategic Advisors led multistrategy hedge funds with a 19.7% return in 2024, rebounding from a challenging 2023 and expanding its global footprint.
D.E. Shaw posted standout performances, with its Composite fund up 18% and its macro-focused Oculus fund achieving a record-breaking 36% gain.
Millennium Management and Citadel delivered strong results, with returns of 15% and 15.1% respectively, showcasing resilience in navigating complex markets.
Economic conditions, including high interest rates, a thriving U.S. stock market, and market volatility tied to Donald Trump’s election victory, created opportunities for hedge funds to excel.
Smaller funds like ExodusPoint and Marshall Wace also saw notable successes, with double-digit returns driven by diverse investment strategies and favorable market conditions.