October proved largely positive for major hedge funds, including Millennium Management, Citadel, and Balasny Asset Management, despite brief market volatility tied to US-China trade developments, according to a report by Business Insider.
Millennium returned 1.5% for the month, bringing its 2025 gains to 7.6%, while Citadel saw all five of its strategies post positive returns, with its Tactical Trading fund up 2.7% in October and 13.4% year-to-date.
Balyasny Asset Management meanwhile, gained 2.4% for the month, lifting its year-to-date performance to 12.5%, while ExodusPoint continued its strong run with results that pushed 2025 gains to 14.2%.
The S&P 500 rose 2.3% in October, hitting new highs and highlighting the strength of the broader equity market.
