Multistrategy Hedge Funds Turn a Rocky April Into More Gains (1)

Some of the biggest multistrategy hedge funds turned a wild April into steady gains as they navigated sharp volatility amid Donald Trump’s tariff announcements and pauses.

Balyasny Asset Management and Schonfeld Strategic Advisors both delivered gains of about 1% in the month, pushing their main funds’ performance above 3% in 2025.

Meanwhile, the flagship fund at Ken Griffin’s Citadel erased its loss for the year, and ExodusPoint Capital Management’s year-to-date gain of 6.4% surpassed many of its peers.

April rattled markets as President Donald Trump’s fast-changing tariffs drove massive swings across asset classes. After his April ...