The first quarter of 2026 proved challenging for many prominent hedge funds including Balyasny Asset Management and ExodusPoint, as geopolitical tensions and market volatility weighed on performance, according to a report by Business Insider.
Dmitry Balyasny’s $33bn firm fell 4.3% in March, leaving it down 3.8% year-to-date, while Michael Gelband’s ExodusPoint, which focuses more on fixed-income strategies, declined 4.5% in March. London-based LMR Partners’ multi-strategy fund meanwhile, lost 2....
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