Middle East Report


Like this article?

Sign up to our free newsletter

Schonfeld, Balyasny, ExodusPoint lag rivals as multi-strats struggle

Related Topics

After several years as the top choice for many hedge fund investors, multi-strategy, multi-manager firms including Schonfeld Strategic Advisors, Balyasny Asset Management, and ExodusPoint Capital Management, are trailing the returns of other types of fund, according to a report by Bloomberg.

The report cites the PivotalPath Multi-Strategy Index – which includes a broad array of multi-strategy firms – as showing that multi-strats have posted average annualised returns of 7.4% since January 2019. This year though, the index is up an estimated 3.9% to the end of August.

And as PivotalPath’s Head of Hedge Fund Research Jon Caplis points out, that performance looks even weaker considering Treasury bills can yield as much as 5.5%.

“When the risk-free rate is zero, a 7.4% return is great,” he said. “When the risk-free rate is 5.5%, it creates a lot more scepticism around the multi-strats – especially given the risks embedded in the strategy.”

Like this article? Sign up to our free newsletter

Most Popular

Further Reading


Man Group

Talk to Us

What would you like to talk with us about? *