Reported 1 day ago
The world's largest hedge funds capitalized on trading opportunities stemming from Donald Trump's recent reelection, achieving significant gains and setting the stage for their best returns in four years. Notably, Balyasny Asset Management saw a 3.9% increase in November, bringing its year-to-date gains to 11.6%, while Schonfeld Strategic Advisors and Citadel's funds rose to 18.6% and 20%, respectively. The so-called 'Trump Trade' triggered fluctuations in various asset classes, leading to enhanced profitability for major macro traders and contributing to a strong performance across the hedge fund industry.
Source: YAHOO