Surging performance by the largest multi-managers in 2024 means billions of profits are being returned to investors — who will be hotly targeted by other hedge funds in the months ahead.
It amounts to billions: Point72, D.E. Shaw and Citadel are all returning some of their profits, while Millennium could have raised more than double the $10bn pulled in last year. It means there is a huge amount of ready capital waiting to be allocated elsewhere, if hedge funds can convince LPs.
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