Multi-manager hedge funds including Millennium Management and Point72 posted strong gains in June as markets rebounded from volatility triggered by the Israel-Iran conflict, capping a solid first half of 2026, according to the Financial Times.
Millennium, which manages about $89 billion in assets, returned 4.1% for the month, lifting its year to date gain to 10.5%. Point72 also delivered strong performance, benefiting from improved trading conditions across asset classes.
The recovery followed a brief bout of market disruption caused by geopolitical tensions in the Middle East. As fears of a prolonged conflict eased, equities and other risk assets rebounded, while heightened volatility created profitable trading opportunities for discretionary and multi-strategy hedge funds.
The strong June results extended a robust first half for several of the industry’s largest multi-manager platforms, reinforcing investor demand for diversified hedge fund strategies that can perform across varying market conditions.