Large multi-strategy hedge funds delivered strong double-digit gains in 2025, buoyed by an AI-driven rally in US equities and market volatility triggered by trade policies, according to a report by the Economic Times.
DE Shaw’s Oculus Fund returned an estimated 28.2%, while its Composite Fund rose 18.5%. Bridgewater Associates’ flagship Pure Alpha fund surged 34%, marking the firm’s highest profits in 50 years. Balyasny Asset Management posted gains of 16.7%, and Point72 returned 16.5%. AQR Capital Management also saw strong performance, with 19.6% for its Apex Strategy.
Smaller gains were recorded at Millennium (10.5%) and Citadel’s Wellington fund (10.2%), reflecting uneven impacts from first-half market swings. Analysts noted that allocators remained positive on hedge funds, with inflows supporting assets at record highs.
