Marshall Wace posts positive performance in two funds, says source

LONDON (Reuters) -British hedge fund Marshall Wace posted positive returns in two of its funds in August, a source close to the matter told Reuters on Monday.

Co-founded by British financier Paul Marshall, the firm which manages over $70 billion in assets, returned 0.41% in its Eureka Fund last month and this brought performance to a positive 6.49% for the year to end-August, the source said.

The hedge fund's Market Neutral Tops fund returned 1.95% for August and is up 13.15% for the year to date, the source added.

Systematic stock trading hedge funds, such as Marshall Wace, are up over 12% for 2025 so far, said Goldman Sachs in a note to clients this week.

(Reporting by Nell Mackenzie; Editing by Karin Strohecker and Dhara Ranasinghe)