Schonfeld
What a difference a year makes.
When 2023 came to a close, Schonfeld Strategic Advisors was trailing its peers and shedding staff. Twelve months later, the $12 billion New York-based manager is atop the league table with a 19.7% gain in 2024, people close to the firm told Business Insider.
Schonfeld was positive every month in 2024 and added 19 portfolio managers across different strategies, one person close to the manager said. The firm was one of many in the industry to expand its international footprint with an office in Dubai, and 40% of the firm's risk is now managed by portfolio managers operating outside the US, the person said.
For the most part, the massive multimanager firms that dominated industry news for the last few years performed as expected.
While these managers did not match the S&P 500's 23% gain last year, nearly all finished 2024 with double-digit net returns.
D.E. Shaw, the $65 billion giant based in New York, returned 18% in its multistrategy fund Composite and more than 36% in its macro-focused Oculus fund, a person familiar confirmed. The firm is planning to return billions of profits from this year to investors, according to Bloomberg.
Ken Griffin's Citadel, which was named the most profitable hedge fund of all time around this date two years ago, returned 15.1% in 2024 in its flagship Wellington fund, three people familiar with the firm's performance told BI. One person close to the firm said the Miami-based firm returned more than 22% in its Tactical Trading fund, which is comprised of the firm's fundamental equities and quant teams.
Izzy Englander's Millennium, meanwhile, finished the year up 15% after a 2.5% gain in December.
One of the year's most interesting managers, Walleye Capital, capped its big 2024 with a 1.8% gain in December. It brought the firm's 2024 returns to 17.7%, a person close to the firm said.
For more returns, see the table below. Managers declined to comment or did not immediately return requests for comment. Firms will be added as their performances are learned.
| Fund | December performance | 2024 performance |
| Schonfeld Partners | 2.1% | 19.7% |
| D.E. Shaw Composite | N/A | 18% |
| Walleye | 1.8% | 17.7% |
| Citadel Wellington | 1.7% | 15.1% |
| Millennium | 2.5% | 15% |
| Balyasny | 1.8% | 13.6% |
| Sculptor | 0.5% | 13.6% |
| Verition | 1.1% | 11.6% |
| ExodusPoint | 2.7% | 11.3% |
