Marshall Wace

Marshall Wace

Marshall Wace LLP is a hedge fund in the City of London that was founded by Paul Marshall and Ian Wace. Marshall is chairman and chief investment officer and Wace is chief executive officer.

The firm operates from fund management offices in London, Greenwich, and Hong Kong, where it also has a joint venture with GaveKal Asia Limited. The head office in London is on the top floor of The Adelphi, close to the Strand.

Marshall Wace manages a number of fundamental long/short equity funds. The investment process for each uses fundamental analysis that seeks to identify companies which are substantially mispriced on an absolute or relative basis. Managers have the ability to shift from value to growth, from small to medium to large capitalization stocks, and switch from a net long position to a net short position. Managers can also use futures and options to hedge.

In addition to its fundamental long/short equity strategies, Marshall Wace runs a proprietary alpha capture system called 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.

Most of Marshall Wace's investors are major institutions. However, a number of its funds are UCITS-compliant vehicles. In addition to the funds Marshall Wace runs itself, a significant proportion of the money it manages for clients resides in separately managed accounts.

The firm formed its joint venture with Hong Kong-based research and investment management house GaveKal in 2008. MW GaveKal has a number of Asia-focused equity funds both long-only and long-short that are managed within it.

Marshall Wace was a founder member of the Hedge Fund Standards Board (HFSB) and is a member of the Alternative Investment Management Association (AIMA).

Personnel

Before starting the fund, Paul Marshall was Head of European Equities at Mercury Asset Management and Ian Wace was Head of Equities Trading at Deutsche Bank. Marshall is one of the biggest backers of the Liberal Democrats party in the City of London and chairs the CentreForum think tank.

Wace is chairman of the charity Absolute Return for Kids and Marshall is also a supporter. Absolute Return for Kids supports deprived children in Britain, South Africa, and Eastern Europe. Every year the Ark dinner brings A-list celebrity and hedge fund money together. It raised £11m in 2007.

External links


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Paul Marshall (financier) — Paul Marshall (born August 2, 1959) is a financier and philanthropist. He is co founder and Chairman of Marshall Wace LLP, one of Europe s largest hedge fund groups. Marshall Wace was founded in 1997 by Paul Marshall and Ian Wace [ Computer… …   Wikipedia

  • Ian Wace — is a co founder of Marshall Wace Asset Management, one of Europe s leading hedge fund institutions with circa $15 billion under management. Marshall Wace Asset Management manages the award winning Eureka Fund, and Europe s largest TMT hedge fund… …   Wikipedia

  • Morgan, Grenfell & Co. — Morgan, Grenfell Co. Industry Investment bank Fate Acquired Successor Deutsche Bank Founded 1904 Defunct …   Wikipedia

  • List of Fairfield University people — Notable AlumniAcademia*Ronald A. Bosco 67 mdash; Distinguished Professor of English and American Literature, University at Albany*Gary C. Brannigan 69 mdash; Professor of Psychology, State University of New York at Plattsburgh; co developed the… …   Wikipedia

  • Caxton Associates, LLC — is a is one of the world s largest hedge funds and trades using a global macro strategy. It was founded by Bruce Kovner, a Harvard student and the chairman of the conservative American Enterprise Institute (AEI) in 1983 and serves as his… …   Wikipedia

  • Jack London — Infobox Writer name = Jack London caption = Jack London in 1900 birthdate = Birth date|1876|1|12 birthplace = San Francisco, California United States deathdate = Death date and age|1916|11|22|1876|1|12 deathplace = Glen Ellen, California United… …   Wikipedia

  • Jack London — Para Atleta en los Juegos Olímpicos de Amsterdam 1928, véase Jack London (atleta). John Griffith Chaney Jack London en 1900. Nacimiento 12 de e …   Wikipedia Español

  • NOM — L’analyse grammaticale distinguait les noms communs et les noms propres. Les premiers correspondent, selon l’analyse logique classique, aux termes généraux qui se disent de plusieurs, et les seconds aux termes singuliers qui ne se disent que d’un …   Encyclopédie Universelle

  • aide — 1. aide [ ɛd ] n. f. • 1268; aiudha 842; de aider I ♦ Action d aider. 1 ♦ Action d intervenir en faveur d une personne en joignant ses efforts aux siens. ⇒ appui, assistance , collaboration, concours, coopération, secours, soutien. J ai besoin de …   Encyclopédie Universelle

  • Jersey — For other uses, see Jersey (disambiguation). Bailiwick of Jersey Bailliage de Jersey …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”