By Nell Mackenzie and Carolina Mandl

LONDON (Reuters) -Global hedge funds posted positive results in August even as the unwind in popular yen carry trades whipsawed markets, bank research and sources familiar with the funds’ performance showed on Wednesday.

Hedge funds posted an average positive 1.3% return for the month, according to a prime brokerage research note from JPMorgan on Tuesday and seen by Reuters on Wednesday.

Some strategies performed better than others as, early in the month world stocks sank in response to U.S. recession concerns and as a surprise Japanese rate increase wrong-footed currency speculators. Equity markets later rebounded to near-record highs.

Multi-strategy hedge funds that house many different kinds of trading desks under one roof averaged 0.1% for the same period, the bank added.

Citadel’s flagship multi-strategy fund Wellington was up roughly 1% last month, as well as Schonfeld Strategic Advisors’ flagship fund Strategic Partners.

British hedge fund firm Winton Capital, overseeing $12.3 billion, finished August down roughly 0.2% and 1.8% in its multi-strategy Winton Fund and its Diversified Macro Fund, respectively.

The multi-strategy Winton Fund, which uses quantitative trading, is up 8.1% for the year so far, whereas the Diversified Macro fund is up 4% for the same time period.

Stock trading hedge funds relying on systematic algorithms to trade returned roughly 2% for the month to Aug. 30, JPMorgan said.

The stock trading Eureka Fund of British hedge fund Marshall Wace, co-founded by Paul Marshall, finished down 0.46% for August but was still almost 11% higher since the start of the year, a source with knowledge of the matter told Reuters, asking not to be named.

The $68.4 billion hedge fund’s Market Neutral Tops fund, meanwhile, returned 1.72% in August, contributing to a 18.53% year-to-date gain.

Check the hedge funds’ performance here:

Fund August Year-to-date

Citadel 1% 9.9%

Wellington

Citadel 1.5% 14.5%

Tactical

Trading

Citadel 0.8% 9.3%

Equities

Schonfeld 1% 11.8%

Strategic

Partners

Schonfeld 0.5% 11.7%

Fundamenta

l Equity

Marshall -0.46% 10.97%

Wace

Eureka

Marshall 1.72% 18.53%

Wace

Market

Neutral

Tops

Winton -0.2% 8.1%

Fund

Winton -1.8% 4%

Diversifie

d Macro

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