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2025-09-02T20:41:23Z
Multistrategy hedge funds were mostly positive in August, according to Business Insider sources.
Firms like Ken Griffin’s Citadel made money for their investors, though many trailed equity markets.
Michael Gelband’s ExodusPoint and Ari Glass’s Boothbay continued their strong years.
Sprawling multistrategy hedge-fund giants are built to make money in any type of market environment.
But that doesn’t mean they dislike it when stocks steadily tick upward.
Big-name hedge funds, including Ken Griffin’s $68 billion Citadel, were positive in August, people close to these money managers tell Business Insider. Griffin’s flagship fund, Wellington, returned 0.9% last month, bringing its annual returns to 4.8%.
It was another month of gains for the Miami-based firm after it lost money consecutively in February and March this year.
Last month was a strong one for the firm’s stockpicking and quant teams, a person close to the firm said. Citadel’s equities-only fund was up 1.6% in August, pushing its returns to 8% for the year. The firm’s tactical trading fund, a mix of fundamental stockpicking and quant, returned 1.9% last month, increasing its 2025 gains to 10.4%.
Global equity markets were up again in August, the fourth month of straight gains, ending the month with a year-to-date return close to 10%. The S&P 500 hit several all-time highs in the month despite the world’s largest company, chipmaker Nvidia, showing signs of slowing growth.
It’s been a strong year for some multistrategy managers outside of the biggest four, including Michael Gelband’s ExodusPoint, which has leaned on its fixed-income prowess to power the firm to 10.3% returns through the end of August. Ari Glass, who runs $2.5 billion Boothbay, notched a 1.4% gain last month in his flagship fund, as his New York-based manager is up 9.8% in 2025.
Managers listed declined to comment. Return figures will be added to the table below as they are learned.
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