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Marshall Wace funds fall as October market rout hits hedge fund returns

Reported · Written up by our desk · Equity Funds

Marshall Wace suffered losses across two of its flagship strategies in October as a sharp selloff in technology stocks and heightened bond market volatility weighed on hedge fund performance, according to a report by the Financial Times. The $80bn London-based hedge fund saw its Eureka strategy decline 5.4% during the month, reducing its year-to-date gain to 5.3%. Its systematic Tops strategy fell 3.6%, leaving it up just 1.3% for the year. The losses reflect broader weakness across the hedge fund industry, with global managers declining an average of 3% in October, according to data from Pivo

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