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LONDON, Nov 7 (Reuters) - Hedge funds including stock traders have returned more than 13% in 2025 to the end of October, just ahead of many of the biggest multi-strategy hedge funds, according to a Goldman Sachs report and sources familiar with each of the funds. Sign up here. Hedge funds bought into global equities for a second straight month, as they continued to be bullish on single stocks on a long-term basis, the report added. Technology was the best-performing sector in October, with tech, media and telecom (TMT)-focused funds up 2.1% during the month, while healthcare-focused funds posted positive returns for the fifth straight month and jumped 8.4% in October. Since then, however, tech stocks have come under pressure and tech-heavy stock markets were on Friday heading for their biggest weekly fall in seven months. October proved to be a challenging month for systematic funds and quant funds, partly due to exposure to short bets. Macro funds including those trading with systematic strategies broadly generated better returns last month, according to an executive at one of Wall Street's top three prime brokerages, who requested anonymity to discuss confidential client returns. Trades wagered at a bigger size, and bets made in the U.S. and China resulted in losses for both stock pickers and systematic funds, Goldman said. Some of the biggest multi-strategy hedge funds including Citadel, Millennium Management and Balyasny Asset Management also posted gains in October, according to people familiar with the matter. Reporting by Nell Mackenzie; Editing by Dhara Ranasinghe and Paul Simao Our Standards: The Thomson Reuters Trust Principles., opens new tab Anirban Sen is the Editor in Charge of Market Structure at Reuters in New York where he leads the news agency's coverage of stock exchanges, and market-making firms including Jane Street and Citadel Securities. Previously Anirban was M&A Editor at Reuters, leading a team of reporters who regularly broke market-moving news about the biggest deals in corporate America. Some of his scoops have included Mars' $36 billion deal for snack maker Kellanova, design software firm Synopsys' $35 billion deal for Ansys, and buyout firm GTCR’s $18.5 billion deal for merchant services provider Worldpay. In 2023, Anirban was part of a Reuters team that won a Gerald Loeb Award for the agency's coverage of the collapse of FTX. After starting with Reuters in Bangalore in 2009, he left in 2013 to work as a technology deals reporter in several leading business news outlets in India, including The Economic Times and Mint. Anirban rejoined Reuters in 2019 as Editor in Charge, Finance, to lead a team of reporters in India, covering everything from investment banking to venture capital.
