Hedge Funds
Quantedge gains 7.2% in October as most large hedge funds lose money, taking 2026 return to 60%
The $8.2 billion manager was the standout in Bloomberg's tally of October results, which also showed Citadel's Wellington up 1.7%.
HedgeWeekly Hedge Fund Desk ·
Quantedge returned 7.2% in October, lifting its 2026 gain to 60%, in a month when many of the industry's largest funds lost money, according to figures from a Bloomberg report. The manager oversees $8.2 billion, Seoul Economic Daily reported.
Citadel's Wellington flagship was the only other fund in the report to rise in October, gaining 1.7% to stand 15.3% higher for the year. Declines ran from 1.8% at Dymon's multi-strategy fund to 5.4% at Marshall Wace's Eureka, with Millennium's flagship down 2.3% and ExodusPoint down 2.4%.
Seoul Economic Daily described the month as the steepest set of losses for many large funds since the pandemic, pointing to a technology-stock sell-off, a government bond slump and Brazil's presidential election. Credit manager Arini was down 12.1% through October 23.
A 60% year-to-date return at an $8.2 billion firm is far outside the range of the multi-manager platforms it was grouped with, and allocators will want to know how much came from concentrated positioning rather than repeatable process. Returns this large also tend to draw inflows and capacity questions.