Key Takeaways
- • Coatue Management declined 3.8% during the week ending March 6, 2026, leaving Philippe Laffont's technology-focused fund down 2.4% year-to-date, according to Bloomberg reporting cited in the primary source.
- • Citadel's flagship Wellington strategy fell approximately 2% over the same period, with declines partially attributed to losses in its macro trading unit, signaling broad exposure to volatile asset classes across multiple strategies.
- • Millennium Management lost roughly $1.5 billion in a single week but remains modestly positive at 0.75% year-to-date, while ExodusPoint Capital Management surrendered all year-to-date gains during the volatility spike.
- • Balyasny Asset Management dropped 3.5% for the week, Point72 Asset Management declined 1.1% (reducing YTD gains to 3.4%), and Marshall Wace's Eureka fund fell 3.7%, reflecting widespread drawdowns across major multi-strategy platforms.
- • Bobby Jain's hedge fund was the only known multi-strategy fund to post positive returns during the period, gaining 0.1%, though it remains down 2.1% year-to-date, highlighting significant performance divergence amid market dislocations in energy and fixed-income markets.
Summary
Major hedge funds posted significant losses during the week ending March 6, 2026, as heightened global market volatility triggered sharp declines across multiple asset classes and trading strategies. According to Bloomberg, several of the world's largest hedge funds reported weekly losses, with particular weakness concentrated in technology-focused and macro trading strategies.
Coatue Management, the technology-focused fund managed by Philippe Laffont, declined 3.8% during the week, bringing the fund's year-to-date performance to negative 2.4%. Citadel, one of the largest multi-strategy platforms, saw its flagship Wellington strategy fall approximately 2%, with part of the decline attributed to weakness in its macro trading unit. ExodusPoint Capital Management gave up all of its year-to-date gains during this period, while Millennium Management experienced an estimated $1.5 billion loss during the week alone, leaving the firm up just 0.75% for the year through early March.
Additional major platforms reported similar drawdowns. Balyasny Asset Management posted a 3.5% weekly decline, while Point72 Asset Management fell 1.1%, reducing its year-to-date gains to approximately 3.4%. Marshall Wace's flagship Eureka fund declined 3.7%, bringing 2026 returns to 2.4%. The broad-based losses extended across multi-strategy segments, reflecting vulnerability to market dislocations that affected both equity and macro positions.
The declines occurred against a backdrop of significant volatility in energy and fixed-income markets. Crude oil prices briefly approached $120 per barrel, while UK two-year government bond yields rose approximately 35 basis points during the week as traders reassessed monetary policy expectations. Bobby Jain's hedge fund was notably the only known multi-strategy fund to post a positive return during the period, gaining 0.1%, though the fund remained down 2.1% year-to-date, underscoring the challenging environment for most large institutional managers navigating crowded positions and widening market dislocations.
Coatue Management, the technology-focused fund managed by Philippe Laffont, declined 3.8% during the week, bringing the fund's year-to-date performance to negative 2.4%. Citadel, one of the largest multi-strategy platforms, saw its flagship Wellington strategy fall approximately 2%, with part of the decline attributed to weakness in its macro trading unit. ExodusPoint Capital Management gave up all of its year-to-date gains during this period, while Millennium Management experienced an estimated $1.5 billion loss during the week alone, leaving the firm up just 0.75% for the year through early March.
Additional major platforms reported similar drawdowns. Balyasny Asset Management posted a 3.5% weekly decline, while Point72 Asset Management fell 1.1%, reducing its year-to-date gains to approximately 3.4%. Marshall Wace's flagship Eureka fund declined 3.7%, bringing 2026 returns to 2.4%. The broad-based losses extended across multi-strategy segments, reflecting vulnerability to market dislocations that affected both equity and macro positions.
The declines occurred against a backdrop of significant volatility in energy and fixed-income markets. Crude oil prices briefly approached $120 per barrel, while UK two-year government bond yields rose approximately 35 basis points during the week as traders reassessed monetary policy expectations. Bobby Jain's hedge fund was notably the only known multi-strategy fund to post a positive return during the period, gaining 0.1%, though the fund remained down 2.1% year-to-date, underscoring the challenging environment for most large institutional managers navigating crowded positions and widening market dislocations.
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