Key facts
- Point72 hedge fund returned 2% in May, reaching 10.5% year-to-date.
- Millennium hedge fund returned 2.4% in May, reaching 6.1% year-to-date.
- Balyasny hedge fund returned 1.4% in May, reaching 0.6% year-to-date.
- The S&P 500 index gained over 5% in May, reaching 11% year-to-date.
- Walleye and North Rock posted small losses in May.
Steve Cohen's Point72 hedge fund reported a 2% gain in May, bringing its year-to-date performance to 10.5%. This continues a strong run for the $50.7 billion fund, which saw a 17.5% gain in 2025. Other major hedge funds also experienced positive returns in May, with Millennium up 2.4% and Balyasny up 1.4%. These gains pushed Millennium's year-to-date performance to 6.1% and Balyasny's to 0.6%. However, many funds struggled to keep pace with the broader equity markets, as the S&P 500 index climbed more than 5% in May, resulting in an 11% year-to-date gain. This surge in the S&P 500 was largely attributed to continued investor enthusiasm for technology and AI stocks. A few funds, including Walleye and North Rock, posted small losses for May, with Walleye down 0.9% and North Rock down 0.2%. Additional performance data for other funds like Pinpoint Asset Management, Dymon Asia, Schonfeld Partners, LMR, ExodusPoint, and Verition were also provided, showing positive returns for the month and year-to-date.