Citadel, Millennium, Other Multistrats Posted Best Gains in Years in 2020
Here is how the biggest multistrategy funds fared last year.
Many major multistrategy funds, which employ a variety of investment strategies, generated their strongest performance in years in 2020.
Those gains may not have rivaled some of the gargantuan returns their long-short equity peers managed to achieve last year. But many multistrats posted gains in the mid-teens to mid-20 percent range, or even higher, beating the Standard & Poor’s 500.