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Millennium and Schonfeld Team Up As Demand For Multi-Manager Funds Grows

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Rupert Hargreaves
Published on
North Square
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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,...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha