Point72 Up 17.5% in Double-Digit Year for Multistrat Funds (2)

Steve Cohen’s Point72 Asset Management joined a strong year for multistrategy hedge funds that mostly posted double-digit gains in 2025.

The firm, which manages $41.4 billion of assets, gained 17.5% in the year through December, according to a person with knowledge of the matter who asked not to be identified because the details are private. It was Point72’s fourth successive year of double-digit gains.

A representative for Stamford, Connecticut-based Point72 declined to comment.

Multistrategy hedge fund firms including D.E. Shaw & Co., Exoduspoint Capital Management and Balyasny Asset Management netted double-digit returns last year against the backdrop ...