Wace’s Performance Edges Higher: Eureka Market-Neutral Funds Shine

https://upload.wikimedia.org/wikipedia/commons/1/10/Paul_Marshall_speaking_at_ARC_Forum_2023%2C_30_October_2023_%28cropped%29.jpg

(HedgeCo.Net) UK-based hedge fund firm Marshall Wace posted positive results in October 2025 across key funds, according to Reuters. Its Eureka Fund rose 2.64% for the month, bringing its YTD return to 10.72%. Additionally, its Market Neutral Tops fund gained 1.15% in October, lifting YTD to 14.96%Reuters

What makes this noteworthy

  • A ~10–15% YTD return places these funds in the upper percentile of industry performance. According to data from Hedge Fund Research, Inc. (HFR), the top decile of funds averaged returns around +7.7% in October alone. Institutional Asset Manager+1
  • With the Eureka Fund gaining 2.64% in October, Marshall Wace beat many peers and clearly benefited from niche equity-long/short models and market-neutral strategies.

Strategic factors

  • The Market Neutral fund’s strong YTD of nearly 15% highlights that non-directional strategies (less dependent on broad market moves) are rewarded when dispersion is high.
  • October was positive for sectors like healthcare (+8.4%) and TMT (+2.1%) — where bottom-up stock-picking tends to be more effective. Reuters+1
  • Marshall Wace’s expertise in systematic stocks, liquidity management and global long/short gives it the agility in complex environments.

Investor implications

  • For allocators seeking hedge funds with both equity and market-neutral exposures, Marshall Wace is a contender given its results.
  • But, as with any hedge fund, historical performance is not a guarantee. Market regimes shift, and a fund with strong historical results may underperform if conditions evolve.
  • Due diligence should focus on risk-adjusted returns, drawdown control and strategy diversification.

Conclusion

Marshall Wace’s October results reaffirm that well-run long/short and market-neutral funds can deliver in environments of moderate dispersion. Their out-performance among large funds in 2025 makes them a fund to monitor closely.

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