HEDGE FUNDS STUNG BY WAR-DRIVEN MARKET SWINGS Several major hedge funds known for steady returns suffered losses last week as the war with Iran triggered sharp market volatility. Millennium Management lost about $1.5 billion, or 1.7% of assets, in the week through March 6, wiping out most of its roughly 2% gain for the year. Balyasny Asset Management fell 3.5%, erasing its early-year progress and leaving it up just 0.4% through February. Point72 Asset Management declined 1.1% during the week, trimming its year-to-date gain to 3.4%. The firms manage tens of billions of dollars: Millennium oversees about $86.7 billion, Balyasny $32 billion, and Point72 roughly $45.7 billion.