A Handful Of Multi-strategy Hedge Funds Posted Huge Gains In The First Half This Year, Bucking The Industry's Trend Of Underperformance | Markets Insider
Multi-strategy hedge funds have made massive gains in the first six months of the year aided by the Federal Reserve's efforts to prop up financial markets, according to the Financial Times. The big winners were: Chicago-based Citadel Advisors, Izzy Englander's Millennium Management, and Dmitry Balyasny's Balyasny Asset Management. Their double-digit gains indicate that the pandemic caused a massive split between more prominent hedge funds and the smaller ones. Visit Business Insider's homepage for more stories.