Hedge Funds Surge in November: Citadel, Balyasny, ExodusPoint Thrive

UPDATE: Major hedge funds including Citadel, Balyasny, and ExodusPoint have reported impressive gains for November 2025, defying a turbulent equities market. As November closes, these firms have outperformed the S&P 500, which barely moved with a gain of just 0.1%.

In a month marked by volatility, Citadel, led by billionaire Ken Griffin, saw its flagship Wellington fund rise by 1.4%, contributing to an annual return of 8.3%. The firm’s Tactical Trading fund, which blends quantitative strategies with human stock-picking, surged 16.3% this year after a 2.6% increase last month.

Meanwhile, the $30 billion Balyasny capitalized on market fluctuations, achieving a solid 2.5% gain in November. This brings their year-to-date performance to a robust 15.3%. ExodusPoint also posted a notable 1.2% increase last month, pushing its year-to-date gains to 15.6%.

Despite an early-month sell-off in technology stocks, the latter part of November saw a rebound, fueled by impressive earnings reports from major companies like Nvidia and strong iPhone sales from Apple.

In the context of overall market performance, the S&P 500 index has recorded over 16% gains for the year, outpacing many hedge funds. However, the resilience shown by these firms in November highlights their ability to navigate challenging market conditions.

As more performance figures continue to emerge, the financial community is eager to see how these hedge funds will fare in the final weeks of the year. Analysts suggest that the strong performance of these funds could signal a shift in investor confidence, especially as they adapt to the ongoing economic landscape.

Stay tuned for real-time updates as more hedge fund performance data is released, and watch for how these trends will impact the broader market in December.