The world's largest hedge fund is on track for its strongest returns in at least four years as it takes advantage of trading opportunities sparked by Trump's election

The world’s largest hedge funds took full advantage of trading opportunities sparked by Trump’s election last month, putting the industry on track for its strongest returns in at least four years. Balyasny Asset Management’s hedge fund gained 3.9% for the month, helping turn its lackluster year through October into an 11.6% gain, according to people familiar with the matter. Schonfeld Strategic Advisors’ Fundamental Equity pool and Citadel’s Tactical Trading fund also rose last month, pushing their 2024 gains to 18.6% and 20%, respectively, making them the two best performing multi-strategy hedge funds so far this year, according to people familiar with the matter. Separately, a PivotalPath benchmark that tracks 70 multi-strategy hedge funds is already on track for its best performance of 2020. (Bloomberg)