While several multistrategy hedge funds posted gains amidst January's equity market volatility, Steve Cohen's Point72 Asset Management lost money over the month, according to a report by Bloomberg.

While several multistrategy hedge funds posted gains amidst January's equity market volatility, Steve Cohen's Point72 Asset Management lost money over the month, according to a report by Bloomberg.

The fund was down 1.3 per cent, while Gabe Plotkin’s Melvin Capital Management, in which Point72 has invested, dropped 15 per cent.

Several larger multistrat firms all made money, including Citadel’s flagship hedge fund which advanced 4.7 per cent, while Millennium Management, Balyasny Asset Management and Verition Fund Management also posted gains.