(HedgeCo.Net) As hedge-fund performance rallies broadly, two multi-strategy firms — Balyasny and ExodusPoint — are drawing attention for their particularly strong returns in 2025. According to a Business Insider report summarizing recent performance, Balyasny gained 2.5% in November, bringing its 2025 return to about 15.3%. Business Insider+1
Meanwhile, ExodusPoint pushed its year-to-date gain to roughly 15.6% after a 1.2% bump in November. Business InsiderThese robust returns — especially for multi-strategy shops — suggest disciplined diversification and effective navigation of a challenging, volatile market environment.
For Balyasny, the strong performance may partly reflect its diversified asset base. As of November 2025, the firm managed close to $29 billion across multiple strategies including equities, commodities, venture/growth investments, and macro trades. Wikipedia+1 The breadth of its investments might be offering a buffer and optionality that single-strategy funds lack, especially in a year defined by rotation out of Big Tech and into value, healthcare, and industrials.
ExodusPoint’s performance, while less publicly detailed, appears to reinforce the broader trend: in a market of shifting sector leadership and macro uncertainty, well-diversified hedge funds are outperforming more concentrated or single-strategy peers.
If the current pace holds, both Balyasny and ExodusPoint could end 2025 among the top-performing large hedge funds — potentially helping attract new capital from investors seeking steady returns and risk-adjusted discipline as market volatility persists.