Multi-manager hedge funds including Millennium Management and Point72 posted strong gains in June as markets rebounded following volatility linked to the Israel-Iran conflict, capping a solid first half of 2026 according to a report by the FT.

Millennium, which manages approximately $89 billion in assets, returned 4.1% for the month, taking its year-to-date performance to 10.5%. Point72 also delivered strong results, with investors benefiting from improved trading conditions across asset classes.

The recovery followed a brief period of market disruption triggered by geopolitical tensions in the Middle East, with equities and risk assets rebounding as concerns over a prolonged conflict eased. Trading opportunities created by heightened volatility also supported performance across a number of discretionary and multi-strategy managers.

The results extend a strong first half for several of the industry's largest platforms, reinforcing investor demand for diversified multi-manager strategies capable of generating consistent returns across varying market environments.