The multi-manager hedge fund sector is the fastest-growing and most profitable segment of the $4 trillion hedge fund market. Despite their relatively high fees, investors have been drawn to the likes of Citadel, Millennium, Schonfeld, Point72 and ExodusPoint due to their strong and stable returns.
Citadel, the world’s most profitable hedge fund has earned nearly 20% annualized since its inception. Peers Millennium, Schonfeld and Point72 have returned between 11% and 14% annualized since inception.
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Unlike other hedge fund strategies, such as equity long/short, which tend to try and trade specific themes or stocks,...
