Millennium, ExodusPoint hedge funds post muted September returns
IN SHORT
Hedge funds Millennium Management and ExodusPoint Capital Management saw muted returns in September, with Millennium flat and ExodusPoint losing 0.4%. The firms' performance reflects a challenging month for fixed-income investors, though stock-focused managers like North Rock Capital and Dymon Asia reported gains.
Key Numbers
8.1%Millennium Management year-to-date performance
4.1%ExodusPoint Capital Management year-to-date performance
0%Millennium Management September performance
-0.4%ExodusPoint Capital Management September performance
10.9%Man Group year-to-date performance
7%Dymon Asia year-to-date performance
Who's Involved
Izzy Englander
leads Millennium Management
Michael Gelband
leads ExodusPoint Capital Management
↳ Why This Matters
The performance of major multi-strategy hedge funds like Millennium and ExodusPoint provides insight into the broader health of active asset management and the challenges faced by investors navigating different market conditions.