Millennium and Citadel lose money for the second straight month in a turbulent March

Izzy Englander's Millennium Management lost money last month.

Patrick McMullan/Getty Images; Jenny Chang-Rodriguez

• Millennium Management and Citadel were down 1.2% and 0.5%, respectively, in March.
• Market volatility in March affected hedge funds, driven by the Trump administration's policies.
• Despite losses, some funds outperformed the S&P 500, which fell 4.6% in March.

It was another tough month for the biggest multistrategy hedge funds.

Izzy Englander's Millennium lost 1.2% in March...