Hedge funds' 2025 report card: How Citadel, Point72, and Millennium stack up against smaller rivals

Tech Insider : Business, Economy, Style
The Wall Street statue with no one around
Hedge funds managed strong returns in 2025 despite uneven markets and geopolitical stress.

Erik McGregor/LightRocket via Getty Images

Commodities trades stung hedge funds this year. It's not stopping firms from piling in.

Tech Insider : Business
A half dozen oil rigs pump across the horizon
Investors trading commodities, such as oil, have been in high demand.

Jeri Clausing/AP

Here are the 10 hedge funds to watch in 2026

Tech Insider : Business, Environment, Style
Steve Cohen wears a hat and sunglasses on a baseball field
Steve Cohen's Point72 is a firm to watch in 2026.

Rich Storry/Getty Images

Millennium suffered big losses in one of the $81 billion hedge fund's favorite strategies last month

Tech Insider : Business
Izzy Englander
Izzy Englander's Millennium suffered losses in the popular index rebalance strategy in November.

Bloomberg/ Getty Images

What's next for Millennium after its $14 billion valuation, from where it's expanding to how big it could get

Tech Insider : Business, Style
A headshot of Israel Englander, founder of Millennium Management
Millennium's Izzy Englander recently sold a stake in his firm for the first time.

Patrick McMullan/Getty Images; Jenny Chang-Rodriguez

Izzy Englander's Millennium sells a minority stake that values the hedge fund giant at $14 billion

Tech Insider : Business
Israel Englander headshot
Izzy Englander speaks during the SkyBridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 11, 2011.

Ronda Churchill/Bloomberg via Getty Images

Hedge fund September returns: Here's how Citadel, Millennium, and Balyasny have performed so far this year

Tech Insider : Business, Style
Trader

TIMOTHY A. CLARY/AFP via Getty Images

How the biggest hedge funds performed in August, including Citadel, Millennium, and Balyasny

Tech Insider : Business, Economy, Environment
Citadel founder and CEO Ken Griffin speaking at the Semafor World Economy Summit in Washington, DC.
"Do we use it in our investment business? A little bit, a little bit, I can't say it's been game changing," Citadel founder Ken Griffin said of AI.

Kayla Bartkowski via Getty Images

2024 hedge-fund returns: Schonfeld, D.E. Shaw, and Walleye among the year's big winners

Tech Insider : Business, Style
Ryan Tolkin
Ryan Tolkin is the CEO and chief investment officer of Schonfeld Strategic Advisors.

Schonfeld

Balyasny leads the way for multistrategy managers in a roller-coaster November. Here's how firms like Citadel, Millennium, and more performed.

Tech Insider : Business, Style
Balyasny
Dmitry Balyasny speaks at the 2018 Milken Conference in Beverly Hills, California.

Lucy Nicholson/Reuters

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