By Nell Mackenzie
LONDON (Reuters) -British hedge fund Marshall Wace posted positive returns in two of its funds in October, a source close to the matter told Reuters on Friday. Co-founded by British financier Paul Marshall, the firm, which manages over $70 billion in assets, returned 2.64% in its Eureka Fund last month and this brought performance to a positive 10.72% for the year to the end of October, the source said. The hedge fund’s Market Neutral Tops fund returned 1.15% for October and is up 14.96% for the year to the end of October, the source added. Systematic stock trading hedge funds are up over 13% for 2025 so far, said Goldman Sachs in a note to clients on Nov. 3.
(Reporting by Nell Mackenzie in London. Editing by Anousha Sakoui)
