Hedge Funds Surge in November Amid Market Volatility

UPDATE: Major hedge funds, including Citadel, Balyasny, and ExodusPoint, reported solid gains in November 2025, defying a volatile equities market. Despite a rocky start with a sell-off in tech stocks, these firms capitalized on a market rebound in the second half of the month.

In a notable performance, Miami-based Citadel, led by billionaire Ken Griffin, saw its flagship Wellington fund rise by 1.4% last month, bringing its year-to-date gains to 8.3%. Additionally, Citadel’s Tactical Trading fund, which blends quantitative strategies with traditional stock picking, surged 16.3% in 2025 after a 2.6% gain in November.

The $30 billion Balyasny hedge fund also thrived, achieving a 2.5% increase in November and marking a total year-to-date return of 15.3%. Meanwhile, ExodusPoint boosted its year-to-date returns to 15.6% with a 1.2% uptick last month.

Despite the S&P 500 index barely moving with a meager 0.1% gain in November, many multistrategy managers outperformed this benchmark. The index’s slight rise followed a notable early-month sell-off in tech stocks, which was partially offset by strong earnings reports from Nvidia and robust iPhone sales from Apple.

As these hedge funds continue to navigate the turbulent market, their performance highlights the resilience of top-tier investment strategies. The following are the November performances of notable funds:

• Boothbay: 0.6%, Year-to-date: 16.4%
• AQR Apex: 0.4%, Year-to-date: 16.2%
• Dymon Asia: 1.1%, Year-to-date: 16%
• ExodusPoint: 1.2%, Year-to-date: 15.6%
• Balyasny: 2.5%, Year-to-date: 15.3%
• Walleye: 1.6%, Year-to-date: 13.1%
• Pinpoint Asset Management: -1%, Year-to-date: 10.4%
• Schonfeld Partners: 1.4%, Year-to-date: 10%
• LMR: 1.6%, Year-to-date: 8.9%
• Citadel Wellington: 1.4%, Year-to-date: 8.3%

These impressive results come amidst a backdrop of uncertainty in the market. As hedge funds capitalize on opportunities, investors will be watching closely to see how these strategies unfold in the coming months.

Stay tuned for more updates as performance data continues to emerge.