In Asia, where stocks rose, hedge funds had more bets on a decline than a rise, the note said. From the beginning of the year until September 29, Bridgewater’s Pure Alpha, Asia Total Return, All Weather, and China Total 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 year so far in its Eureka Fund, a source said. The $79 billion hedge fund’s Market Neutral Tops fund returned 0.45% in September and was up 13.66% for the year, the source added. Systematic stock-trading hedge funds, such as Marshall Wace, are up over 13% for 2025 so far, Goldman Sachs said in a note to clients.