十月对大型对冲基金而言是丰收的月份。尽管市场曾短暂波动，但中美贸易协议的达成以及强劲的企业财报数据提振了股市，令投资者信心回升。尽管多数大型基金未能超越标普500指数的表现，但整体而言，对冲基金行业在十月取得了积极的回报。其中，Millennium基金回报率为1.5%，Dmitry Balyasny的基金上涨2.4%，ExodusPoint基金也录得正增长。标普500指数在十月上涨2.3%，创下新高，这得益于企业盈利的强劲增长。整体来看，2025年有望成为对冲基金自2020年以来表现最好的一年。

📈 **十月市场向好，对冲基金普遍录得正回报**：尽管年初市场存在波动，但随着中美贸易协议的达成以及企业盈利的强劲增长，市场情绪得到提振。包括Millennium、Balyasny和ExodusPoint在内的多家知名对冲基金在十月份均实现了正回报，显示出行业的韧性。

📊 **企业盈利超预期，助力股市上涨**：根据伦敦证券交易所集团的报告，第四季度至今，约83%的标普500公司盈利超出预期。这一强劲的企业财报表现是推动股市上涨的重要因素，也间接利好对冲基金的表现。

📉 **对冲基金表现与标普500对比**：虽然多家大型对冲基金在十月取得了不错的成绩，但多数未能超越标普500指数2.3%的月度涨幅。标普500指数今年以来已上涨超过16%，显示出市场整体的强劲势头。

🌟 **2025年有望成为对冲基金的“大年”**：根据基金服务商Citco的数据，2025年正朝着成为自2020年以来对冲基金表现最好的一年迈进，这预示着行业整体复苏和增长的积极信号。

Big-name hedge funds had a strong October.Markets were briefly choppy, but a US-China trade deal and strong corporate earnings helped stocks.Sign up for Business Insider's daily markets newsletter here.

October was mostly treats instead of tricks for the biggest hedge funds in the industry.

Market volatility briefly reached its highest point since the spring rollout of President Donald Trump's tariffs, but investor jitters dissipated quickly as the US and China came to a trade agreement.

The biggest players in the $5 trillion hedge fund industry finished October mostly positive, though few were able to match the returns of the S&P 500.

At Izzy Englander's $79 billion Millennium, the firm managed to return 1.5% in October, according to a person familiar with the firm. That bumped its 2025 gains to 7.6%.

Dmitry Balyasny's $29.5 billion firm is now up 12.5% on the year after a 2.4% gain last month, a person close to the manager said. Michael Gelband's ExodusPoint continued its strong year with another positive month, and the New York-based firm is now up 14.2% year-to-date, a person close to the manager said.

The S&P 500 hit new highs after a monthly gain of 2.3%, which was partially driven by strong earnings growth from the world's largest companies. A review by the London Stock Exchange Group found that roughly 83% of S&P 500 companies that reported earnings so far in the fourth quarter have beaten estimates.

For the year, the index is up more than 16%.

Still, the industry overall is in a good place. Citco, a fund administrator with trillions of assets under administration, said in a recent report that 2025 is on pace to be the best year for hedge funds since 2020.

The table below will be updated as performance figures are learned. The managers mentioned declined to comment.

Fund	October performance	2025 performance
AQR Apex	0.3%	15.8%
Boothbay	2.2%	15.4%
Dymon Asia	1.6%	14.8%
ExodusPoint	1.7%	14.2%
Balyasny	2.4%	12.5%
Man Group 1783	1.3%	11.5%
Pinpoint Asset Management	0.7%	11.5%
Walleye	0.8%	11.5%
Schonfeld Partners	1.3%	8.4%
Millennium	1.5%	7.6%
LMR	-0.5%	7.1%