Hedge fund scorecard: The best-performing multistrat firms halfway through 2026

Bradley Saacks Wed, July 1, 2026 at 5:55 PM UTC

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Billionaire Point72 founder Steve Cohen also owns the New York Mets.Alejandra Villa Loarca/Newsday RM via Getty Images -

Halfway through 2026, big-name hedge funds have mostly performed well.

Managers like Millennium and Point72 benefited from a resurgent stock market in the second quarter.

Few managers can match the S&P 500 index's nearly 10% return through the year's first half, though.

A blockbuster quarter for equities helped fuel strong returns from big-name hedge funds.

Through the first six months of 2026, the most closely watched space in the industry — the large-scale multistrategy managers such as Millennium, Point72, and Schonfeld — has performed well.

Here are some highlights:

Point72 returned 3.4% in June, pushing Steve Cohen's firm's first-half returns to 14.5%, a person close to the manager told Business Insider.

Millennium is up 10.5% for 2026's first six months, a person close to the fund told Business Insider, after a gain of 4.1% in June.

Schonfeld posted a2.5% gain in June, bringing the manager's flagship to 8.4% for the first half of the year.

Investors began pricing in an Iran-war resolution at the very end of March. The result was a market bottom that lined up perfectly with the start of a new quarter. The S&P 500 rose 15% for the period, while the tech-heavy Nasdaq 100 surged 28%. Not to mention, SpaceX started trading publicly after the biggest IPO in history.

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The S&P 500 finished the first half of 2026 up close to 10%. While that's outpaced most hedge funds, some managers' equity-only options have outperformed. Schonfeld's Fundamental Equities fund, for example, is up 12.3% in the first half after a 3.6% gain last month, a person close to the manager said.

The funds mentioned declined to comment.

Below is the full scorecard. Funds will be added as their returns are learned.

Fund

June performance

2026 performance

Pinpoint Asset Management

4.4%

16.9%

Dymon Asia

3.7%

15%

Point72

3.4%

14.5%

Millennium

4.1%

10.5%

Schonfeld Partners

2.5%

8.4%

2.6%

7.1%

North Rock

1.7%

6.9%

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Original Article on Source

Source: “AOL Money”