2025 hedge fund returns span 7.5% to 109.3% gross — 27 of 34 reported funds beat the 12.5% HFRI composite

Asked:

show me US Hedge fund performances for 2025 year end

Reported full-calendar-year 2025 returns, in percent, for 34 funds and fund sleeves run by US-headquartered managers, alongside eight HFR industry and strategy benchmarks. A selected, publicly reported sample — private fund returns are disclosed voluntarily and the return basis varies — not a comprehensive industry ranking.

All 34 reported fund and sleeve returns, ranked — calendar 2025, %

HFR benchmark panel — 2025 index returns, %

HFR said 2025 was the broad index's strongest calendar year since 2009: the HFRI Fund Weighted Composite gained 12.5%, led by healthcare and energy equity hedge strategies, while macro and relative value trailed.

Findings

The median return in this selected set was 18.6% — half again the 12.5% HFRI composite — and 27 of 34 funds beat the benchmark. institutionalinvestor.com

Dispersion was extreme: Jericho's Special Opportunities fund reported 109.3% gross while Verition, the lowest reported, returned 7.5% (basis not stated). businessinsider.com

Multi-manager giants clustered near or below the composite — Citadel Wellington 10.2%, Millennium 10.5% — versus the multi-manager index at 9.7%. reuters.com

Healthcare equity hedge was the strongest HFR strategy index at 33.9%, matching the theme atop the fund list, where healthcare specialist Perceptive returned 82.0%. hfr.com

The rows — click a header to sort

Manager	Fund / sleeve	2025 return %	Basis	Source mentions	Source

Source mentions is a research cross-check count, not a performance metric. Fund-level results and separate sleeves/strategies are listed as reported and are not directly comparable.

Reported calendar-2025 returns (%) for 34 fund/fund sleeves of US-headquartered hedge fund firms plus 8 HFR benchmark indices; 46 data rows in total. Researched from live web results as of 2026-09-01 — year-end reports from Reuters, Bloomberg, Business Insider, Institutional Investor, HFR and specialist publications. Returns are labelled net or gross only where the source stated a basis; otherwise basis not stated. A descriptive, selectively reported sample, not an industry ranking.

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