How major hedge funds performed in January 2026

The biggest hedge funds started 2026 mostly in the black, as the S&P 500 rose 1.4% and hit record highs in mid-January before dipping late in the month.

Point72 gained 2.9% in January, Citadel's flagship Wellington returned 1%, Schonfeld's Partners fund returned 1%, and ExodusPoint rose 1.8%.

Some smaller or specialized funds outperformed their flagship offerings: Citadel's Tactical Trading fund was up 2%, its fixed-income-only fund 1.3%, Schonfeld's Fundamental Equity fund 2.4%, LMR's convertibles fund 2.5%, and Boothbay's high-octane offering 1.5% versus its flagship at 1.3%.

Asia-focused managers had strong months, with Dymon Asia up 5% and Pinpoint Asset Management 4.8% — Pinpoint's best monthly return since July 2020 — while Jain Global lost 0.9%. Firms mentioned declined to comment.

s&p 500 rose 1.4%, hit record highs, point72 gained 2.9%, citadel's flagship wellington, citadel's tactical trading fund, schonfeld's partners fund, schonfeld's fundamental equity fund, exoduspoint rose 1.8%, lmr's convertibles fund, boothbay's high-octane offering, its fixed-income-only fund 1.3%, dymon asia up 5%, pinpoint asset management 4.8%, jain global lost 0.9%