The biggest hedge funds added to their gains in June, sailing through the first half of the year amid global market chaos sparked by President Donald Trump’s tariffs and the Israel-Iran war.
Multistrats generally rode out the market swings that followed various US tariff announcements and pauses, keeping their losses to a minimum. And as markets settled, returns have improved and many are on track to match long-term averages for multistrats.
“They have generally navigated well through another difficult cycle,” said Jon Caplis, head of hedge fund research firm PivotalPath.