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Performance Comparison in Algorithmic Trading (2025 YTD)

Bridgewater Associates, D.E. Shaw (assuming “DEW” refers to this firm), and Jane Street are all prominent players in quantitative and algorithmic trading, though their strategies differ: Bridgewater focuses on macro with systematic models, D.E. Shaw on multi-strategy quant approaches, and Jane Street on high-frequency market-making and options/ETF arbitrage. Direct apples-to-apples comparisons are challenging due to varying disclosure levels—hedge funds like Bridgewater and D.E. Shaw report returns, while Jane Street (a proprietary trading firm) primarily shares revenue figures.

Based on available 2025 year-to-date (YTD) data through September:

Firm Key Fund/Strategy YTD Return (through Sep 2025) Notable 2025 Highlights
Bridgewater Associates Pure Alpha II (Macro/Systematic) 26.4% Led the pack of major hedge funds; +8.1% in Q3 alone, driven by tariff volatility and global macro bets. On pace for best year since 2010.
D.E. Shaw Composite (Multi-Strategy Quant) 11.6% Solid gains from AI/computational models; Oculus fund at 14%. H1 returns exceeded 7%, one of few large funds to beat the market.
Jane Street Proprietary Trading (HFT/Market-Making) N/A (Returns not public) Record $17.3B trading revenue in H1 (up from $20.5B full-year 2024); Q2 alone hit $10.1B, surpassing Wall Street banks like JPMorgan. Captured ~10% of U.S. equity volume in 2024, with strong 2025 momentum in options and ETFs.

Top Performer Assessment

For context, the S&P 500 rose ~14% through Q3 2025, so all outperformed the broad market.

Bridgewater Soars 26% to Lead Pack of Biggest Hedge Funds
DE Shaw Doubled Fund Returns to Nearly 10% on Winning Week
Jane Street’s $10.1 Billion Trading Haul Sets Wall Street Record
Bridgewater soars 26% to lead pack of biggest hedge funds
Top 50 hedge funds’ performance in 2025


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