Multistrategy hedge funds’ returns were muted in August, though managers likely appreciated a quieter month after a turbulent July.
Read more It’s official: Nvidia is buying Hugging Face for $13 billion
Izzy Englander’s Millennium Management was flat in August, a person close to the manager told Business Insider, putting the firm’s 2026 gains at 8.2%. Balyasny lost 0.7% last month, according to a source familiar with the firm’s returns, and has gained 0.5% in 2026.
Fast-growing Dymon Asia lost 1.1% while LMR gained just 0.3% in its multistrategy fund.
There were some bright spots among the multistrategy crowd. Michael Gelband’s ExodusPoint gained 1.4% in August, a person close to the firm told Business Insider, pushing the firm’s 2026 gains to 4.9%. Man Group‘s 1783 fund was up 1.7%, a person close to the London-based manager told Business Insider.
Read more She asked people to write down their AI secrets. The confessions came pouring in.
Most funds are trailing the S&P 500 index, which is up more than 12% year to date after a 2.6% gain in August.
Firms mentioned declined to comment. Figures will be added to the table once they are confirmed.
Read more Office security workers for OpenAI, Anthropic, and other tech firms authorize a strike
| Fund | August performance | 2026 performance |
| Man Group 1783 | 1.7% | 8.9% |
| Millennium | 0% | 8.2% |
| Pinpoint Asset Management | 0.9% | 7.4% |
| LMR | 0.3% | 6.7% |
| Dymon Asia | -1.1% | 6.3% |
| ExodusPoint | 1.4% | 4.9% |
| North Rock | 0% | 4.7% |
| Balyasny | -0.7% | 0.5% |
About the Author
