Key facts
- Point72 achieved 14.5% returns in the first half of 2026.
- Millennium reported a 10.5% gain for the same period.
- Schonfeld's flagship fund returned 8.4% in the first half of 2026.
- The S&P 500 index increased by approximately 10% in the first half of 2026.
- Schonfeld's Fundamental Equities fund outperformed with a 12.3% gain in the first half.
Major multistrategy hedge funds have demonstrated strong performance in the first half of 2026, benefiting from a significant rally in equity markets. Point72, founded by Steve Cohen, reported a 14.5% return for the period, bolstered by a 3.4% gain in June. Millennium followed with a 10.5% increase, after a 4.1% rise in June. Schonfeld's flagship fund achieved 8.4% in the first half, with a 2.5% gain in June.
The broader market saw substantial gains, with the S&P 500 rising approximately 10% in the first half of 2026, and the tech-heavy Nasdaq 100 surging 28%. This period also marked SpaceX's historic IPO. While the S&P 500's performance outpaced many hedge funds, some specialized strategies, like Schonfeld's Fundamental Equities fund, which returned 12.3% in the first half, outperformed the index.
Other notable performers include Pinpoint Asset Management with 16.9% returns, Dymon Asia at 15%, LMR with 7.1%, and North Rock at 6.9% for the first half of the year.