After the ceasefire between the US and Iran, hedge funds Millennium, Point72, and Jain saw a rebound in profits.

Hedge funds saw a strong rebound in early April, as the temporary ceasefire between the US and Iran boosted optimism that the conflict could soon come to an end. Sources familiar with the matter said that as of April 9, Point72 Asset Management rose by 2.4%, bringing its year-to-date gains to 6.3%. Other sources stated that Millennium Management rose by 2.3% as of April 10, with a year-to-date return of 3.2%. Due to the involvement of confidential information, these sources requested anonymity. The sources also mentioned that the fund founded by Bobby Jain had a strong start this month, with a return rate of 2.4% as of April 10, nearly wiping out losses from earlier in the year. Jain Global was still down 2.7% as of March 31. Verition Fund Management achieved a return rate of 2.4% in the first 10 days of this month, benefiting from profitable strategies across the board.