A tough month for fixed-income investors resulted in a muted month for the hedge funds’ biggest names that invest across asset classes.
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Izzy Englander’s $97 billion Millennium Management was flat in September, a person close to the New York-based manager told Business Insider. The firm has gained 8.1% on the year.
Michael Gelband’s ExodusPoint Capital Management lost 0.7% in September, according to a person close to the firm. Gelband, who was once led Millennium’s fixed-income unit, has now returned 4.1% in 2026.
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For players more focused on picking stocks, September was an easier ride. The S&P 500 finished the month down roughly 0.5%, but managers including North Rock Capital and Dymon Asia made money.
The firms mentioned declined to comment. Numbers will be added to the table as they are confirmed.
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| Fund | September performance | 2026 performance |
| Man Group 1783 | 1.9% | 10.9% |
| Millennium | 0% | 8.1% |
| Dymon Asia | 0.7% | 7% |
| LMR | -0.2% | 6.6% |
| North Rock | 0.4% | 5.1% |
| ExodusPoint | -0.7% | 4.1% |
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