May hedge fund returns: Steve Cohen's Point72 leads the way among the industry's biggest names

Steve Cohen's Point72 is up more than 10% so far in 2026. Alejandra Villa Loarca/Newsday RM via Getty Images Steve Cohen's $50.7 billion Point72 continued its strong 2026 in May. Big-name managers, including Millennium and Balyasny, mostly performed well in May. The S&P 500 index climbed more than 5% in May, pushing the year-to-date gains to 11%. Steve Cohen's $50.7 billion hedge fund has continued its strong run of returns with a 2% gain in May, a person close to the firm tells Business In...