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All Content from Business Insider | Hedge funds' first-quarter returns are rolling in. Here's how big names fared in choppy markets. by Bradley Saacks

Dmitry Balyasny's $29 billion firm has added another new hire.Balyasny

Hedge funds such as Schonfeld and North Rock were up in the first quarter of 2026.Meanwhile, managers, including Balyasny and LMR, lost money thanks to rocky market conditions.Most funds have outperformed the S&P 500, which lost 4.6% in the first quarter.For the second year in a row, March wasn't pretty for many big-name hedge funds.

Dmitry Balyasny's eponymous manager was down 4.3% on the month, a person close to the firm told Business Insider. For the year, the $33 billion firm is down 3.8%. London-based hedge fund LMR Partners lost 2.4% in its multistrategy fund, a source close to the manager said. Walleye Capital was down 1.3% in March.

FundMarch performance2026 performanceDymon Asia-4.3%6%Pinpoint Asset Management-2.5%4%North Rock-0.7%2.1%Schonfeld Partners0%0.9%LMR-2.4%-0.3%Walleye-1.3%-2.6%Balyasny-4.3%-3.8%Read the original article on Business Insider

#finance #hedge-funds #multi-strategy-funds

Hedge funds Balyasny, LMR take hits in a choppy March; Schonfeld holds steady

$33 billion Balyasny lost money through the year's first three months thanks to a rocky March.

Business Insider