Large multi-strategy funds generally recorded double-digit returns in 2025, reflecting a strong year for the hedge fund industry, driven by the rise in the stock market driven by artificial intelligence. These funds include D.E. Shaw, Balyasny Asset Management, Bridgewater, and Point72 Asset Management. People familiar with the matter revealed that D.E. Shaw's two flagship funds achieved double-digit returns, performing similarly to other top multi-strategy peers, while the market fluctuated at record levels throughout the year. According to two people familiar with the matter, Balyasny earned 16.7% of the year, while Point72 received a return of 17.5%. Last year, the overall performance of top multi-strategy funds was strong, mainly driven by the US stock market, and fanaticism about artificial intelligence concept stocks boosted the market. The Bridgewater Fund, founded by billionaire Dario, announced the highest profit in its 50-year history. Its flagship Pure Alpha fund soared 34% in 2025, leading the multi-strategy “cabin model” fund, which means multiple trading teams manage multiple types of assets such as stocks, commodities, and bonds. However, some of the top companies, including Millennium and Castle Investments, underperformed, as the first half of the year was hampered by the Trump administration's trade policies. According to sources, Millennium returned 10.5% for the whole year, and Citadel's flagship Wellington Fund returned 10.2%. Citadel's long-term annualized net return since its inception in 1990 has been around 19%.

Large multi-strategy funds generally recorded double-digit returns in 2025, reflecting a strong year for the hedge fund industry, driven by the rise in the stock market driven by artificial intelligence. These funds include D.E. Shaw, Balyasny Asset Management, Bridgewater, and Point72 Asset Management. People familiar with the matter revealed that D.E. Shaw's two flagship funds achieved double-digit returns, performing similarly to other top multi-strategy peers, while the market fluctuated at record levels throughout the year. According to two people familiar with the matter, Balyasny earned 16.7% of the year, while Point72 received a return of 17.5%. Last year, the overall performance of top multi-strategy funds was strong, mainly driven by the US stock market, and fanaticism about artificial intelligence concept stocks boosted the market. The Bridgewater Fund, founded by billionaire Dario, announced the highest profit in its 50-year history. Its flagship Pure Alpha fund soared 34% in 2025, leading the multi-strategy “cabin model” fund, which means multiple trading teams manage multiple types of assets such as stocks, commodities, and bonds. However, some of the top companies, including Millennium and Castle Investments, underperformed, as the first half of the year was hampered by the Trump administration's trade policies. According to sources, Millennium returned 10.5% for the whole year, and Citadel's flagship Wellington Fund returned 10.2%. Citadel's long-term annualized net return since its inception in 1990 has been around 19%.