Business Insider
03 Jun 2026, 16:16 UTC · 2h ago
May hedge fund returns: Steve Cohen's Point72 leads the way among the industry's biggest names
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Business Insider
03 Jun 2026, 16:16 UTC · 2h ago
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The S&P 500 surged in May, ending the month up 11% year-to-date following a gain of over 5% in May alone. — Broad market indices reflecting high momentum in tech and AI stocks are the primary drivers of risk appetite.
+0.80Steve Cohen's Point72 hedge fund gained 2% in May, bringing its 2026 year-to-date returns to 10.5%. — Strong performance by a major multi-strategy fund signals stability in institutional risk-taking.
+0.30Millennium and Balyasny both posted positive returns in May, with Millennium up 2.4% and Balyasny up 1.4%. — Positive performance across the largest multi-manager platforms suggests a generally healthy environment for hedge fund strategies.
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Large-scale hedge fund managers struggled to keep pace with the overall equity markets in May. — Underperformance relative to benchmarks may suggest a lack of concentrated exposure to the AI-driven rally compared to passive indices.
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