Citadel, Millennium, Balyasny log muted August returns

Major multi-strategy hedge funds posted muted returns in August, with Citadel up 0.1%, Millennium flat and Balyasny down 0.7%.

Citadel’s 0.1% gain for August brought its 2026 return to about 12.1%. Millennium was flat for the month and is up roughly 8.2% year-to-date. Balyasny’s -0.7% in August left the firm with about a 0.5% gain for 2026, according to people familiar with the results.

Other large multi-strategy platforms recorded small moves. Dymon Asia fell 1.1% in August, LMR’s multi-strategy fund rose 0.3%, ExodusPoint gained 1.4% for the month and is up about 4.9% year-to-date, and Man Group’s 1783 fund returned 1.7% in August.

The S&P 500 climbed 2.6% in August and is up more than 12% since the start of the year. Most of the funds named remain behind that benchmark.

Multi-strategy funds deploy a mix of trading strategies and often seek steadier returns across market conditions.

The figures were provided by people familiar with the firms’ performance. Representatives for the named firms did not provide comments on their August results, according to the sources.