The world's largest hedge fund is poised to achieve its strongest returns in at least four years by capitalizing on trading opportunities arising from Trump's election

ChainCatcher news, according to Bloomberg, the world's largest hedge funds have fully capitalized on the trading opportunities triggered by Trump's election last month, making the industry poised for its strongest returns in at least four years. Sources revealed that Balyasny Asset Management's hedge fund gained 3.9% for the month, helping to turn its lackluster performance for the year to October into a 11.6% gain.

Sources also stated that Schonfeld Strategic Advisors' Fundamental Equity pool and Citadel's Tactical Trading fund also saw gains last month, raising their returns for 2024 to 18.6% and 20% respectively, making them the best-performing multi-strategy hedge funds so far this year.

Additionally, a benchmark index tracking 70 multi-strategy hedge funds by PivotalPath is on track to achieve its best performance since 2020.