Hedge fund scorecard: Millennium was flat while Balyasny slipped in a quiet August

In August, several multistrategy hedge funds experienced muted returns, with Millennium Management flat and Balyasny down 0.7%. Despite this, the S&P 500 rose 2.6% during the month, contributing to a 12% gain for 2026. Some funds performed better, such as ExodusPoint, which gained 1.4%, and Man Group's 1783 fund, which rose 1.7%. The quieter month was a contrast to the turbulence seen in July.

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