Here's how hedge funds like Millennium and Citadel performed in April

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Hedge funds surged in April thanks to a bounce back in equity markets.

After a rough March put many managers in the red for the year, a strong April wiped out funds' losses.

Few funds will be able to match the more than 10% gain by the S&P 500 last month.

It's too early to say whether April's market bounce back is a sign of things to come for the rest of 2026 or just the eye of a turbulent storm, but hedge funds will take it either way.

After a rough March when many different hedge fund styles suffered losses , April helped the industry's biggest names get back to their winning ways.

Izzy Englander's Millennium Management returned 2.7% in April, bringing the $84.2 billion hedge fund's gains to 3.6% for the year so far, a person close to the firm told Business Insider.

Citadel, Ken Griffin's $67 billion manager, was up 1.4% in its flagship Wellington fund in April and now is up 2.4% for 2026, a person close to the Miami-based…