The firm’s volatility strategies, which date back to the company’s beginnings as a proprietary options market-making firm in Minnesota, were a key factor in helping the fund weather the difficult markets in early August, this person added.

The S&P 500 ended August up 2.3%, but it was a rollercoaster month for stock pickers. The index fell sharply in early August amid turmoil in Japanese markets and investor unease over U.S. economic data, at one point down more than 7% before ending the month near its all-time high.

Walleye’s fund was the leader in the multi-strategy universe last month, even though the firm is much smaller than its biggest rivals. The manager is currently closed to new capital commitments and expects to be at $5 billion in the fourth quarter, the person close to the firm said.

Schonfeld’s flagship fund continues to outperform other hedge funds in 2024, returning 11.9 percent so far this year, a person close to the firm told Business Insider. The firm’s smaller Fundamental Equity fund is up 11.7 percent for the year after gaining 0.7 percent in August.

Meanwhile, Ken Griffin’s flagship Wellington fund (Citadel, $63 billion) rose 1 percent in August. The gain brought the Miami-based firm’s return to 9.9 percent for the year, and all five main strategies — equity, quant, commodities, credit and macro — posted gains for the year.

The firm’s smaller funds also had strong months. The Tactical Trading Fund – which includes strategies from the firm’s stock-picking and quant businesses – returned 1.5 percent last month, boosting its 2024 return to 14.5 percent.

Meanwhile, Citadel’s fund, which includes strategies from its four human-led stock-picking units – Global Equities, Ashler, Surveyor and International Equities – is up 9.3 percent in the first eight months of 2024, after a 0.8 percent gain in August.

Izzy Englander’s Millennium rose 0.7% last month, giving the company an annual return of 8.1%.

ExodusPoint continues to lag behind the rest but had a solid August, posting gains of 0.9% in August and 4.6% for 2024.

Managers either declined to comment or did not immediately respond to requests for comment.

The return figures can be found below. They will be updated as soon as further company figures are available.