Key facts
- The first half of 2026 saw strong performance from large-scale multistrategy hedge funds.
- Point72 achieved a 14.5% return in the first six months of the year.
- Millennium reported a 10.5% gain for the same period.
- Schonfeld's flagship fund returned 8.4% in the first half.
- Pinpoint Asset Management and Dymon Asia also showed significant gains, with 16.9% and 15% returns, respectively.
Large-scale multistrategy hedge funds have experienced a strong performance in the first half of 2026, largely propelled by a significant rally in equity markets. Point72, founded by billionaire Steve Cohen, reported a 14.5% return for the period, following a 3.4% gain in June. Millennium also saw robust results, up 10.5% year-to-date after a 4.1% increase in June. Schonfeld's flagship fund achieved an 8.4% return in the first half, with a 2.5% gain in June.
Other notable performers include Pinpoint Asset Management, which posted a 16.9% return, and Dymon Asia, with a 15% gain. These figures outpaced the broader market, with the S&P 500 rising approximately 10% and the Nasdaq 100 surging 28% in the first half of the year. Schonfeld's Fundamental Equities fund, specifically, returned 12.3% in the first half.
The market bottom coincided with the start of the second quarter, following investor anticipation of an Iran-war resolution. The strong performance of these multistrat firms highlights their ability to navigate market volatility and capitalize on equity upswings.