伊朗战事重创对冲基金，Millennium、Balyasny等巨头回吐年初涨幅

华尔街见闻04-03

全球多家顶级多策略对冲基金在3月录得亏损，前两个月积累的收益遭遇不同程度回吐。

4月2日，据彭博援引知情人士，ExodusPoint、Balyasny及Millennium等知名多策略基金均在3月出现亏损。摩根大通策略师指出，此轮对冲基金回撤幅度为“解放日”关税冲击以来最大。其中，大宗商品交易顾问（CTA）策略遭遇近一年最差表现，超配欧洲股票的股票多空基金亦录得重大损失。

不过，市场动荡中也出现少数赢家。Kepos Capital旗下Alpha基金及瑞士ADAPT Investment Managers均在本轮波动中实现正收益，逆势突围。

油价飙升、债股双杀，多策略基金集体失守

中东冲突持续升级是本轮市场动荡的核心导火索。霍尔木兹海峡受阻直接推高油价，进而引发市场对通胀卷土重来的担忧。投资者重新定价利率路径，债券市场遭遇大规模抛售，股票市场同步走弱。油价飙升、债股双杀，令依赖多资产分散配置的多策略基金难以有效对冲风险。

据彭博报道，受损最为集中的是多策略对冲基金群体。ExodusPoint、Balyasny及Millennium等机构此前在欧洲股票等方向持仓较重，市场剧烈波动触发集中平仓压力。

在普遍亏损的背景下，部分基金凭借差异化策略实现正收益。Kepos Capital的Alpha基金与ADAPT Investment Managers脱颖而出，成为少数赢家。这表明，在地缘政治冲击引发的系统性波动中，基金的策略定位与风险敞口结构对最终表现具有决定性影响，市场内部分化显著。

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2624543683?lang=en_US&edition=fundamental","thumbnail":"","is_english":false,"pubTime":"2026-04-03 00:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2624543683","market":"nz","top_or_hot":-1,"title":"伊朗战事重创对冲基金，Millennium、Balyasny等巨头回吐年初涨幅","media":"华尔街见闻","content":"<html><body><p>全球多家顶级多策略对冲基金在3月录得亏损，前两个月积累的收益遭遇不同程度回吐。</p>\n<p>4月2日，据彭博援引知情人士，<strong>ExodusPoint、Balyasny及Millennium等知名多策略基金均在3月出现亏损</strong>。<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>策略师指出，此轮对冲基金回撤幅度为“解放日”关税冲击以来最大。其中，<strong>大宗商品交易顾问（CTA）策略遭遇近一年最差表现，超配欧洲股票的股票多空基金亦录得重大损失</strong>。</p>\n<p>不过，市场动荡中也出现少数赢家。Kepos Capital旗下Alpha基金及瑞士ADAPT Investment Managers均在本轮波动中实现正收益，逆势突围。</p>\n<h2><strong>油价飙升、债股双杀，</strong>多策略基金集体失守</h2>\n<p><strong>中东冲突持续升级是本轮市场动荡的核心导火索。</strong>霍尔木兹海峡受阻直接推高油价，进而引发市场对通胀卷土重来的担忧。<strong>投资者重新定价利率路径，债券市场遭遇大规模抛售，股票市场同步走弱。油价飙升、债股双杀，令依赖多资产分散配置的多策略基金难以有效对冲风险。</strong></p>\n<p>据彭博报道，受损最为集中的是多策略对冲基金群体。ExodusPoint、Balyasny及Millennium等机构此前<strong>在欧洲股票等方向持仓较重，市场剧烈波动触发集中平仓压力。</strong></p>\n<p>在普遍亏损的背景下，部分基金凭借差异化策略实现正收益。Kepos Capital的Alpha基金与ADAPT Investment Managers脱颖而出，成为少数赢家。这表明，在地缘政治冲击引发的系统性波动中，基金的策略定位与风险敞口结构对最终表现具有决定性影响，市场内部分化显著。</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>伊朗战事重创对冲基金，Millennium、Balyasny等巨头回吐年初涨幅</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n伊朗战事重创对冲基金，Millennium、Balyasny等巨头回吐年初涨幅\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-04-03 00:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>全球多家顶级多策略对冲基金在3月录得亏损，前两个月积累的收益遭遇不同程度回吐。</p>\n<p>4月2日，据彭博援引知情人士，<strong>ExodusPoint、Balyasny及Millennium等知名多策略基金均在3月出现亏损</strong>。<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>策略师指出，此轮对冲基金回撤幅度为“解放日”关税冲击以来最大。其中，<strong>大宗商品交易顾问（CTA）策略遭遇近一年最差表现，超配欧洲股票的股票多空基金亦录得重大损失</strong>。</p>\n<p>不过，市场动荡中也出现少数赢家。Kepos Capital旗下Alpha基金及瑞士ADAPT Investment Managers均在本轮波动中实现正收益，逆势突围。</p>\n<h2><strong>油价飙升、债股双杀，</strong>多策略基金集体失守</h2>\n<p><strong>中东冲突持续升级是本轮市场动荡的核心导火索。</strong>霍尔木兹海峡受阻直接推高油价，进而引发市场对通胀卷土重来的担忧。<strong>投资者重新定价利率路径，债券市场遭遇大规模抛售，股票市场同步走弱。油价飙升、债股双杀，令依赖多资产分散配置的多策略基金难以有效对冲风险。</strong></p>\n<p>据彭博报道，受损最为集中的是多策略对冲基金群体。ExodusPoint、Balyasny及Millennium等机构此前<strong>在欧洲股票等方向持仓较重，市场剧烈波动触发集中平仓压力。</strong></p>\n<p>在普遍亏损的背景下，部分基金凭借差异化策略实现正收益。Kepos Capital的Alpha基金与ADAPT Investment Managers脱颖而出，成为少数赢家。这表明，在地缘政治冲击引发的系统性波动中，基金的策略定位与风险敞口结构对最终表现具有决定性影响，市场内部分化显著。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTA","symbol_name":"SIMPLIFY MANAGED FUTURES STRATEGY ETF","start_time":0,"source_url":"https://wallstreetcn.com/articles/3769134","article_id":"2624543683","we_media_id":"1084101182","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624543683","pubTimestamp":1775145823,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"华尔街见闻","introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"summary":"中东冲突升级推高油价，通胀担忧重燃引发股债双杀。多策略对冲基金3月普遍录得亏损，回吐了前两个月的积累收益。ExodusPoint、Balyasny及Millennium等巨头悉数亏损，CTA策略遭遇近一年最差表现。","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"zh","relate_stocks":{"CTA":"SIMPLIFY MANAGED FUTURES STRATEGY ETF"},"translate_title":"Millennium, Balyasny and other giants give up early-year gains as Iran war hits hedge funds","themeId":"6e7a4338b1034ad785d5025385d8625c","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTA":1},"content_text":"全球多家顶级多策略对冲基金在3月录得亏损，前两个月积累的收益遭遇不同程度回吐。\n4月2日，据彭博援引知情人士，ExodusPoint、Balyasny及Millennium等知名多策略基金均在3月出现亏损。摩根大通策略师指出，此轮对冲基金回撤幅度为“解放日”关税冲击以来最大。其中，大宗商品交易顾问（CTA）策略遭遇近一年最差表现，超配欧洲股票的股票多空基金亦录得重大损失。\n不过，市场动荡中也出现少数赢家。Kepos Capital旗下Alpha基金及瑞士ADAPT Investment Managers均在本轮波动中实现正收益，逆势突围。\n油价飙升、债股双杀，多策略基金集体失守\n中东冲突持续升级是本轮市场动荡的核心导火索。霍尔木兹海峡受阻直接推高油价，进而引发市场对通胀卷土重来的担忧。投资者重新定价利率路径，债券市场遭遇大规模抛售，股票市场同步走弱。油价飙升、债股双杀，令依赖多资产分散配置的多策略基金难以有效对冲风险。\n据彭博报道，受损最为集中的是多策略对冲基金群体。ExodusPoint、Balyasny及Millennium等机构此前在欧洲股票等方向持仓较重，市场剧烈波动触发集中平仓压力。\n在普遍亏损的背景下，部分基金凭借差异化策略实现正收益。Kepos Capital的Alpha基金与ADAPT Investment Managers脱颖而出，成为少数赢家。这表明，在地缘政治冲击引发的系统性波动中，基金的策略定位与风险敞口结构对最终表现具有决定性影响，市场内部分化显著。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2624543683","isCrawlerRequest":true}