How big-name hedge funds did in February

Big-name hedge funds posted gains in February even as the S&P 500 gave back some January gains. Asia-based multistrategy managers had a particularly strong month. Ken Griffin's Citadel saw all five strategies that feed into its Wellington fund—fundamental equity, quant, commodities, fixed income and macro, and credit and convertibles—finish higher, lifting the fund 1.9% for the month and 2.9% for 2026.

The firm, which managed $66 billion at the start of February, also notched a 1.5% gain in its tactical trading fund. Michael Gelband's ExodusPoint rose 0.9% in February and is up 2.6% for the year, while Millennium gained 0.6% and is now up 2% on 2026. Asia-focused funds led gains: $6 billion Dymon Asia climbed nearly 5% (4.9%), boosting its 2026 return to 10.2%, and Pinpoint Asset Management's flagship is up 1.7% for the month and 6.6% for the year.

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