Key Takeaways
- • Nishant Kumar, Bloomberg's Chief Correspondent covering hedge funds, has published a review of major hedge fund performance for the last month and year-to-date as of October 6, 2026, with returns calculated net of fees.
- • The performance data is not comprehensive and skews toward larger funds; Kumar notes that some followers may have achieved better results and requests attribution to Bloomberg for any data referenced from the list.
- • Kumar previously reported on operational changes at Millennium Management, including the hire of Drew Gillanders from Citadel's International Equities to lead a new equities unit, and plans to open an office in Athens alongside Rokos Capital with staff relocating from London.
- • The review reflects ongoing shifts in hedge fund operations and leadership, with Kumar regularly tracking performance across macro, multistrategy, long-short equity, and thematic strategies.
Summary
Nishant Kumar, Bloomberg News' Chief Correspondent covering hedge funds with over two decades of experience in global asset management, has reviewed performance metrics for major hedge funds covering the most recent month and year-to-date period ending October 6, 2026. The returns disclosed are net of fees, providing an after-cost view of fund performance for institutional allocators assessing manager results.
Kumar acknowledges the inherent limitations of his performance survey, noting that the selection is not comprehensive and skews toward larger funds based on preliminary data confirmed with sources. He requests that followers attribute any figures drawn from the list to Bloomberg and recognizes that certain investors may have experienced superior returns not captured in his review. This caveat reflects the fragmented nature of hedge fund performance tracking, where proprietary strategies and specialized mandates often operate outside major industry benchmarks.
Beyond performance metrics, Kumar's recent reporting has documented material operational developments within the hedge fund sector. He previously reported that Millennium Management recruited Drew Gillanders, formerly leading Citadel's International Equities unit, to establish and oversee a new equities division. Additionally, Kumar noted Millennium's expansion plans to open a local office in Athens in partnership with Rokos Capital, with staff evaluating relocation opportunities from London. These moves underscore the ongoing restructuring of hedge fund operations, including geographic diversification and specialized team formation in response to market conditions and strategic repositioning within the industry.
Kumar acknowledges the inherent limitations of his performance survey, noting that the selection is not comprehensive and skews toward larger funds based on preliminary data confirmed with sources. He requests that followers attribute any figures drawn from the list to Bloomberg and recognizes that certain investors may have experienced superior returns not captured in his review. This caveat reflects the fragmented nature of hedge fund performance tracking, where proprietary strategies and specialized mandates often operate outside major industry benchmarks.
Beyond performance metrics, Kumar's recent reporting has documented material operational developments within the hedge fund sector. He previously reported that Millennium Management recruited Drew Gillanders, formerly leading Citadel's International Equities unit, to establish and oversee a new equities division. Additionally, Kumar noted Millennium's expansion plans to open a local office in Athens in partnership with Rokos Capital, with staff evaluating relocation opportunities from London. These moves underscore the ongoing restructuring of hedge fund operations, including geographic diversification and specialized team formation in response to market conditions and strategic repositioning within the industry.
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