Finance
Multistrategy Hedge Funds Delivered Again in 2024
- Millennium rose 15%, its best performance since 2020
- ExodusPoint climbed 11.3%, second-best returns since inception
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Multistrategy funds of all sizes produced mostly double-digit gains in 2024, in what was generally an upbeat year for the hedge fund industry.
Millennium Management jumped 15%, the best return for Izzy Englander’s multistrat giant since 2020, according to a person familiar with the matter, who asked not to be named discussing private details.