Schonfeld Fundamental Equity Fund ends 2023 up 4.8%; Marshall Wace with two funds up 8% - sources

Credit: REUTERS/Rick Wilking

LONDON, Jan 3 (Reuters) - Schonfeld Strategic Advisors' Fundamental Equity fund ended 2023 up 4.8% for the year, whereas London-based Marshall Wace finished with two funds up almost 8%, people familiar with the matter told Reuters on Wednesday.

Representatives from the funds declined to comment.

The Fundamental Equity fund of multi-strategy firm Schonfeld returned 4.8% while its Strategic Partners fund finished up 3%.

The $62.3 billion Marshall Wace, co-founded by British financier Paul Marshall returned 7.69% in its Market Neutral Tops fund and 7.58% in its Global Opportunities fund. Its Eureka fund returned 4.62%.

The effects of global rate hikes trickled through economies making for choppy trading in 2023, which saw banks fail, bonds spike and seven tech-related stocks surge.

(Reporting by Nell Mackenzie and Carolina Mandl Editing by Tomasz Janowski)


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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