D.E. Shaw’s Biggest Hedge Fund Returned Almost 10% in 2023

Mutistrategy and macro hedge funds posted a wide range of results in 2023, unlike the previous year, when many of the industry’s biggest firms boasted double-digit gains. On average, multistrategy funds rose just 4.9% last year through November, according to PivotalPath, while macro funds barely made money with a 1.7% gain.

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