【Iran Danger】Shocking the Global Hedge Fund! Millennium, Point72, and Balyasny Reportedly Suffer Billion-Dollar Losses

As the US-Iran conflict escalates, triggering intense market volatility, several major global hedge funds are facing significant losses. Bloomberg reports that, due to market uncertainty, some large hedge funds known for “stable returns” have lost hundreds of millions of dollars in just one week, wiping out most of their gains since the beginning of the year.

Overview of losses for the top three hedge funds (as of March 6)

| Hedge Fund | Weekly Loss | | Point72 | -1.1% | | Millennium Management | -1.7% | | Balyasny Asset Management | -3.5% |

Millennium Suffered Heavy Losses, $1.5 Billion Wiped Out

Hedge fund giant Millennium Management lost about $1.5 billion in the week ending March 6, equivalent to 1.7% of its assets, nearly offsetting its approximately 2% return in the first two months of this year. Notably, Millennium achieved a 10.5% return last year.

Point72 and Balyasny Also Hit Hard

Managing $45.7 billion in assets, Point72 lost 1.1%, dragging its year-to-date return down to 3.4%. Managing $32 billion, Balyasny was “severely hit,” with a weekly decline of 3.5%, turning its first two months’ 0.4% return into a negative. Although these two funds posted returns of 17.5% and 16.7% respectively last year, maintaining stable gains under current geopolitical risks faces severe challenges.

However, representatives of these three hedge funds declined to comment.