Key Takeaways
- • Citadel's flagship Wellington fund gained 1.7% in October 2026, lifting its year-to-date return to 15.3%.
- • Most multistrategy rivals lost ground in October, with Millennium down 2.3%, Man Group's 1783 fund down 1.8%, and ExodusPoint down 2.4%.
- • Year-to-date, Millennium is up 5.7%, Man Group's 1783 fund is up 8.9%, and ExodusPoint is up 1.6%, compared with Wellington's 15.3%.
- • Other multistrategy managers also posted October declines, including LMR (-0.8%), Dymon Asia (-1.8%), and North Rock (-2.3%).
Summary
Citadel's flagship Wellington fund rose 1.7% in October, extending its 2026 return to 15.3%, according to the publisher summary of the Opalesque Alternative Market Briefing. The gain stood out against a weak month for the multistrategy peer group.
Millennium fell 2.3% in October, though it remains up 5.7% year to date. Man Group's 1783 fund lost 1.8% for the month and is up 8.9% year to date. ExodusPoint dropped 2.4% in October and is up 1.6% for 2026. Smaller multistrategy managers also reported monthly losses: LMR declined 0.8%, Dymon Asia fell 1.8%, and North Rock dropped 2.3%.
The divergence leaves Wellington with the strongest year-to-date return among the funds cited. Its October result suggests the fund was insulated from the drawdown that affected most of its multistrategy rivals, though the source does not detail the drivers of either the gain or the peer losses.
Millennium fell 2.3% in October, though it remains up 5.7% year to date. Man Group's 1783 fund lost 1.8% for the month and is up 8.9% year to date. ExodusPoint dropped 2.4% in October and is up 1.6% for 2026. Smaller multistrategy managers also reported monthly losses: LMR declined 0.8%, Dymon Asia fell 1.8%, and North Rock dropped 2.3%.
The divergence leaves Wellington with the strongest year-to-date return among the funds cited. Its October result suggests the fund was insulated from the drawdown that affected most of its multistrategy rivals, though the source does not detail the drivers of either the gain or the peer losses.
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