Bridgewater’s Pure Alpha fund surges 26% year-to-date
Marshall Wace’s Eureka Fund up 8.04% year-to-date
Systematic inventory buying and selling funds rise over 13% in 2025, Goldman Sachs reviews
(Updates October 7 story with extra fund leads to desk)
By Nell Mackenzie and Anirban Sen
LONDON, Oct 7 (Reuters) – Hedge funds returned 1.3% in September, with managers in Europe, Asia and the Center East outperforming their North American rivals, in response to a JPMorgan shopper notice on Thursday, seen by Reuters on Friday.
World equities in September climbed 3.4%. An index of developed market sovereign bonds rose round 0.7% final month.
The JPMorgan notice, which tracks hedge fund buying and selling, stated positioning in U.S. shares was solely “considerably bullish,” indicating an expectation for equities to rise.
Crowding within the greatest “Magnificent Seven” tech shares, which embody Apple, Amazon and Nvidia, remained close to historic highs, the notice stated.
In Europe, stock-pickers tended to wager that equities would rise. However multi-strategy funds – people who commerce many methods – and quantitative funds, which use algorithms, tended to wager that inventory costs would decline.
In Asia, the place shares rose, hedge funds had extra bets on a decline than an increase, the notice stated. The $92.1 billion Bridgewater notched a 6% month-to-month achieve in its Pure Alpha fund to September 29. From the start of the yr till September 29, Bridgewater’s Pure Alpha, Asia Complete Return, All Climate, and China Complete Return funds posted returns of 26.2%, 32.5%, 15.3%, and 28.4%, respectively.
British hedge fund Marshall Wace posted September returns of 1.32%, up 8.04% for the yr to date in its Eureka Fund, a supply stated. The $79 billion hedge fund’s Market Impartial Tops fund returned 0.45% in September and was up 13.66% for the yr, the supply added.
Systematic stock-trading hedge funds, akin to Marshall Wace, are up over 13% for 2025 to date, Goldman Sachs stated in a notice to shoppers.
Multi-strategy funds remained largely flat on the month, aside from the $28 billion Balyasny Asset Administration, which added 1.3% in September to its annual return to date this yr of 10%, one other supply with data of the matter stated.
(Reporting by Nell Mackenzie in London, Anirban Sen in New York and Summer time Zhen in Hong Kong; Modifying by Amanda Cooper and Barbara Lewis)
