Author: Jordan

The opening months of 2026 were difficult for several leading hedge funds, including Balyasny Asset Management and ExodusPoint, as geopolitical strains and turbulent markets pressured returns, according to a Business Insider report. Dmitry Balyasny’s $33 billion firm dropped 4.3% in March, bringing its year-to-date loss to 3.8%. Meanwhile, Michael Gelband’s ExodusPoint, which leans more heavily on fixed-income strategies, declined 4.5% over the same period. London-based LMR Partners also recorded a 2.4% loss in its multi-strategy fund. In Asia, multi-strategy firms Dymon Asia and Pinpoint Asset Management posted March declines of 4.3% and 2.5%, respectively, though both remain in positive territory…