{"id":2987,"date":"2026-08-04T14:35:22","date_gmt":"2026-08-04T14:35:22","guid":{"rendered":"https:\/\/americanhomejournals.com\/?p=2987"},"modified":"2026-08-04T14:35:22","modified_gmt":"2026-08-04T14:35:22","slug":"hedge-fund-score-card-millennium-and-asia-funds-caught-up-in-a-chaotic-july","status":"publish","type":"post","link":"https:\/\/americanhomejournals.com\/?p=2987","title":{"rendered":"Hedge fund score card: Millennium and Asia funds caught up in a chaotic July"},"content":{"rendered":"
\n

A busy July put many big-name hedge funds in the red to start the third quarter.<\/p>\n

Izzy Englander’s Millennium lost 2.1% last month, a person close to the New York-based manager told Business Insider, pulling the firm’s 2026 returns to 8.2%.<\/p>\n

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Asia-based multimanagers Dymon Asia and Pinpoint fell 6.5% and 9%, respectively, last month as stock market jitters in Korea and Japanese economic woes wreaked havoc on the continent’s markets. People familiar with the two funds told Business Insider that July’s losses left Dymon and Pinpoint with gains of 7.5% and 6.3%, respectively, in 2026.<\/p>\n

There was no summer slowdown last month for these funds’ legions of traders. Global equity markets struggled thanks to artificial intelligence skepticism, the conflict in Iran that has thrown energy markets into disarray continued, and the new Federal Reserve chairman presided over his first meeting.<\/p>\n

But the biggest news was undoubtedly the end-of-the-month meltdown of Situational Awareness, a onetime $45 billion equity investor focused on AI companies. Run by former OpenAI researcher Leopold Aschenbrenner, the fund lost 67% in July, and margin calls forced the young manager to find a buyer for his public equity book to repay its lenders.<\/p>\n

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Citadel’s purchase of the bulk of the portfolio led to a market rebound, potentially helping salvage many equity-heavy firms’ July. The S&P 500 index was down only 0.1% in July, despite news of Citadel’s purchase, which sent tech stocks soaring.<\/p>\n

The funds mentioned declined to comment. The table below will be updated as more returns are confirmed.<\/p>\n

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\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n
Fund<\/strong><\/td>\nJuly performance<\/strong><\/td>\n2026 performance<\/strong><\/td>\n<\/tr>\n
Millennium<\/strong><\/td>\n-2.1%<\/td>\n8.2%<\/td>\n<\/tr>\n
Dymon Asia<\/strong><\/td>\n-6.5%<\/td>\n7.5%<\/td>\n<\/tr>\n
Man Group 1783<\/strong><\/td>\n-0.9%<\/td>\n6.9%<\/td>\n<\/tr>\n
LMR<\/strong><\/td>\n-0.6%<\/td>\n6.4%<\/td>\n<\/tr>\n
Pinpoint Asset Management<\/strong><\/td>\n-9%<\/td>\n6.3%<\/td>\n<\/tr>\n
North Rock<\/strong><\/td>\n-2.1%<\/td>\n4.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

To say July was a busy month in the hedge-fund industry would be an understatement.<\/p>\n","protected":false},"author":1,"featured_media":2986,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nHedge fund score card: Millennium and Asia funds caught up in a chaotic July - American home journals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/americanhomejournals.com\/?p=2987\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hedge fund score card: Millennium and Asia funds caught up in a chaotic July - American home journals\" \/>\n<meta property=\"og:description\" content=\"To say July was a busy month in the hedge-fund industry would be an understatement.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/americanhomejournals.com\/?p=2987\" \/>\n<meta property=\"og:site_name\" content=\"American home journals\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-04T14:35:22+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=2987#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=2987\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/#\\\/schema\\\/person\\\/a3bb30439d8074c26cddd2e4af7af957\"},\"headline\":\"Hedge fund score card: Millennium and Asia funds caught up in a chaotic July\",\"datePublished\":\"2026-08-04T14:35:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=2987\"},\"wordCount\":334,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=2987#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/americanhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/7f3728e0fee266bf5e8f8474cb4dc422.webp\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/americanhomejournals.com\\\/?p=2987#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=2987\",\"url\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=2987\",\"name\":\"Hedge fund score card: Millennium and Asia funds caught up in a chaotic July - 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