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Biggest hedge funds extend gains during chaotic six months

Nishant Kumar and Katherine Burton / Bloomberg
Nishant Kumar and Katherine Burton / Bloomberg • 2 min read
Biggest hedge funds extend gains during chaotic six months
Multistrats generally rode out the market swings that followed various US tariff announcements and pauses, keeping their losses to a minimum. Photo: Bloomberg
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The biggest hedge funds added to their gains in June, sailing through the first half of the year amid global market chaos sparked by president Donald Trump’s tariffs and the Israel-Iran war.

Schonfeld’s Fundamental Equity fund rose 2.5% last month, while the firm’s flagship multistrat hedge fund Strategic Partners advanced 1.1%, according to people with knowledge of the matter.

Balyasny gained 2.4%, while Marshall Wace’s US$26 billion ($33.1 billion) Eureka hedge fund soared 6% in June through last Friday, erasing all prior losses in the year, the people said, asking not to be identified discussing private information.

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