Leading multi-strategy hedge funds, including Citadel and ExodusPoint delivered positive performance in August, buoyed by steady gains in global equity markets, though results varied across firms, according to a report by Business Insider.

The report cites unnamed sources as revealing that Ken Griffin’s Citadel, which manages $68bn, saw a 0.9% return in its flagship Wellington fund, bringing year-to-date performance to 4.8%. The firm’s equity-focused strategies were the standout contributors, with Citadel’s dedicated equities fund up 1.6% in August, while its tactical trading strategy – blending fundamental and quant approaches – gained 1.9%, extending 2025 gains to 10.4%.

Elsewhere, Michael Gelband’s ExodusPoint advanced 10.3% year-to-date through August, driven primarily by fixed-income trading. Smaller New York-based rival Boothbay meanwhile, run by Ari Glass, delivered a 1.4% gain last month in its flagship strategy, lifting annual returns to 9.8%.

The positive returns came as global equities logged a fourth consecutive month of gains in August, with the S&P 500 notching new highs and delivering close to 10% year-to-date, despite concerns over slowing growth at market heavyweight Nvidia.