Marshall Wace LLP is a British
hedge fund headquartered in
London, England, founded by
Paul Marshall and
Ian Wace in 1997.[6] Marshall serves as chairman and chief investment officer, and Wace as a chief executive officer & chief risk officer.[7] The company is recognised as one of the world's largest hedge fund managers.[8][9]
History
Before starting the fund,
Paul Marshall was Head of European Equities at
Mercury Asset Management, whilst
Ian Wace was Head of Equities Trading at
Deutsche Bank.[10] In 1997, Marshall and Wace launched Marshall Wace; they were managing
$50 million — $25 million from
George Soros and $25 million sourced via family and friends.[11]
In 2020, Marshall Wace announced its plans to raise $1 billion for a new green hedge fund which will depend on the environmental and ethical attributes for trading stocks.[13]
In December 2023, the company reported revenues of £1.2 billion in the year ending February 2023, down from £1.5 billion on the previous year.[14] Profits amounted to £538 million which was shared between 26
partners of the company.[14]
The firm manages more than $64 billion as of January 2022 and operates from fund management offices in
London,
New York,
Hong Kong,
Shanghai, and
Singapore.[16] The head office in London is situated on Sloane Street.[17]
The company is a founding member of the
Hedge Fund Standards Board (HFSB)[18] and a member of the Alternative Investment Management Association (AIMA).[19]
Products
Marshall Wace runs a proprietary
alpha capture system TOPS (Trade Optimised Portfolio System), which polls the investment ideas of equity sell-side practitioners (generalists, sector specialists, strategists, and economists) around the world and uses algorithms to analyse and optimise this information into liquid equity portfolios.[20] The company's funds include
UCITS-compliant vehicles.[21]
^
abcStevenson, Alexandra; Bray, Chad (9 September 2015). "K.K.R. Takes 24.9% Stake in Hedge Fund Marshall Wace". New York Times. No. DealBook. New York, N.Y., United States. The New York Times Company. p. B5. Retrieved 17 May 2019.
^Mackintosh, James (17 March 2009). "GLG Partners loses top spot in chart". No. Financials Services. Financial Times. Nikkei.
Archived from the original on 2022-12-11. Retrieved 17 May 2019.