Well-known hedge funds, including Citadel, Millennium, Balyasny, and ExodusPoint, made money last month, building on their gains as they enter the last quarter of 2025.
Ken Griffin's Citadel gained 0.2% in September in its flagship Wellington fund, people close to the manager said. The Miami-based hedge fund giant is now up 5% for the year. At Izzy Englander's $79 billion Millennium, the firm's scores of portfolio managers managed to return 1.4% in September, according to a person familiar with the firm. That bumped its 2025 gains to 6%.
Dmitry Balyasny's eponymous firm, meanwhile, returned 1.3% in September, boosting its 2025 returns to 10%, a person close to the manager said.
Michael Gelband's ExodusPoint continued its strong year with a 2% gain in September, according to an individual familiar with the New York-based asset manager. It's now up 12.3% for 2025.
These monthly returns trail the overall market; however, as US markets continue to trend up. The S&P 500 returned 3.5% in September and is now up nearly 14% in 2025 — a shocking reversal after the market turbulence following the initial rollout of President Donald Trump's tariffs in the spring.
Last month also saw the closure of Eisler Capital, the London-based multistrategy firm founded by former Goldman Sachs bigwig Ed Eisler. The firm had struggled with performance this year, losing money through August, and could not keep up with the expensive talent war that has been raging for years among this segment of the industry, according to Bloomberg.
The firms mentioned declined to comment. More performance figures will be added to the table as they are learned.
Editor's note: This story was originally published on October 1 at 2:25 pm. New figures have been added to the table below as they have been learned.
| Fund | September performance | 2025 performance |
| AQR Apex | 4% | 15.6% |
| Dymon Asia | 1.2% | 13.1% |
| Boothbay | 2.8% | 13% |
| ExodusPoint | 2% | 12.3% |
| Pinpoint Asset Management | 1.3% | 10.7% |
| Walleye | 0.4% | 10.5% |
| Man Group 1783 | 2.4% | 10.1% |
| Balyasny | 1.3% | 10% |
| Point72 | 0.3% | 9.7% |
| LMR | -0.9% | 7.3% |
| Schonfeld Partners | 0.5% | 7.1% |
| Millennium | 1.4% | 6% |
| Citadel Wellington | 0.2% | 5% |
| Verition | 0.1% | 3.1% |
| Jain Global | 0.7% | 2.5% |
