Marshall Wace

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British hedge fund

title: "Marshall Wace" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["hedge-fund-firms-in-the-united-kingdom", "financial-services-companies-established-in-1997", "investment-management-companies-of-the-united-states", "kohlberg-kravis-roberts-companies", "marshall-family-(united-kingdom)"] description: "British hedge fund" topic_path: "economics" source: "https://en.wikipedia.org/wiki/Marshall_Wace" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary British hedge fund ::

::data[format=table title="Infobox company"]

FieldValue
nameMarshall Wace
logoMarshall-wace-logo.png
logo_size240px
typeLLP
industryFinancial services
founded
founders{{plainlist
* • Paul Marshall<ref name"NewYorkTimes2010September23"
(CIO & Chairman)
* • Ian Wace<ref name"NewYorkTimes2013April29WerdigierJulia"
(CEO & chief risk officer)
locationLondon, United Kingdom
productsInvestment products
homepage
aumUS$ 82.1 billion
(as of November 2024)
::

| name = Marshall Wace | logo = Marshall-wace-logo.png | logo_size = 240px | logo_alt = | type = LLP | industry = Financial services | founded = | founders = {{plainlist|style=text-indent:-1em; margin-left:1em;|

  • • Paul Marshall (CIO & Chairman)
  • • Ian Wace (CEO & chief risk officer) | location = London, United Kingdom | num_employees = | products = Investment products | revenue = | operating_income = | net_income = | homepage = | aum = US$ 82.1 billion (as of November 2024)

Marshall Wace LLP is a British hedge fund headquartered in London, England, founded by Paul Marshall and Ian Wace in 1997. Marshall serves as chairman and chief investment officer, and Wace as a chief executive officer & chief risk officer. The company is recognised as one of the world's largest hedge fund managers.

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. 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.

In August 2014, Marshall Wace made $36 million from going short on the collapse of the Portuguese bank Banco Espírito Santo.

In 2015 Kohlberg Kravis Roberts agreed to buy a 24.9 percent stake in Marshall Wace.

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.

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. Profits amounted to £538 million which was shared between 26 partners of the company.

Operations

Marshall Wace manages several long-short equity funds.

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. The head office in London is situated on Sloane Street.

The company is a founding member of the Hedge Fund Standards Board (HFSB) and a member of the Alternative Investment Management Association (AIMA).

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. The company's funds include UCITS-compliant vehicles.

::data[format=table title=""] | Year | AUM, Billion USD$ | |---|---| | last1=Fortado|first1=Lindsay|title=Sir Paul Marshall, co-founder Marshall Wace, backing Brexit|url=https://www.ft.com/content/5ab5fb78-2437-11e7-8691-d5f7e0cd0a16|archive-url=https://ghostarchive.org/archive/20221212001254/https://www.ft.com/content/5ab5fb78-2437-11e7-8691-d5f7e0cd0a16|archive-date=12 December 2022|url-status=live|access-date=17 May 2019|agency=Nikkei|publisher=Financial Times|date=23 April 2017|language=English|url-access=subscription}} | .05 | | last1=Mackintosh|first1=James|title=Marshall Wace aims for €1.5bn listing|url=https://www.ft.com/content/f9ae939c-7363-11db-9bac-0000779e2340|archive-url=https://ghostarchive.org/archive/20221212001210/https://www.ft.com/content/f9ae939c-7363-11db-9bac-0000779e2340|archive-date=12 December 2022|url-status=live|access-date=18 May 2019|agency=Nikkei|issue=Financials|publisher=Financial Times|date=13 November 2006|language=English|url-access=subscription}} | 4.3 | | last1=Helen|first1=Thomas|title=Marshall Wace co-founder defends methodology|url=https://ftalphaville.ft.com/2007/01/15/1802/marshall-wace-co-founder-defends-methodology/|access-date=17 May 2019|agency=Nikkei|issue=Alphaville|publisher=Financial Times|date=14 January 2007|language=English|url-access=subscription}} | 11 | | last1=Mackintosh|first1=James|title=Marshall Wace raises €2bn for new fund|url=https://www.ft.com/content/19cb7554-ee0c-11dc-a5c1-0000779fd2ac|archive-url=https://ghostarchive.org/archive/20221212001227/https://www.ft.com/content/19cb7554-ee0c-11dc-a5c1-0000779fd2ac|archive-date=12 December 2022|url-status=live|access-date=17 May 2019|agency=Nikkei|issue=Financials|publisher=Financial Times|date=9 March 2008|location=London|language=English|url-access=subscription}} | 15 | | last1=Mackintosh|first1=James|title=GLG Partners loses top spot in chart|url=https://www.ft.com/content/f10546c6-131d-11de-a170-0000779fd2ac|archive-url=https://ghostarchive.org/archive/20221212001243/https://www.ft.com/content/f10546c6-131d-11de-a170-0000779fd2ac|archive-date=12 December 2022|url-status=live|access-date=17 May 2019|agency=Nikkei|issue=Financials Services|publisher=Financial Times|date=17 March 2009|language=English|url-access=subscription}} | 6.3 | | last1=Jones|first1=Sam|title=Marshall Wace investors poised to wind up listed fund|url=https://www.ft.com/content/822299ee-a88f-11df-86dd-00144feabdc0|archive-url=https://ghostarchive.org/archive/20221212001259/https://www.ft.com/content/822299ee-a88f-11df-86dd-00144feabdc0|archive-date=12 December 2022|url-status=live|access-date=17 May 2019|agency=Nikkei|publisher=Financial Times|date=15 August 2010|language=English|url-access=subscription}} | 6 | | last1=Agnew|first1=Harriet|last2=Alloway|first2=Tracy|title=Marshall Wace buys controlling stake in Eaglewood Capital|url=https://www.ft.com/content/aa197bf8-cc84-11e3-bd33-00144feabdc0|archive-url=https://ghostarchive.org/archive/20221212001216/https://www.ft.com/content/aa197bf8-cc84-11e3-bd33-00144feabdc0|archive-date=12 December 2022|url-status=live|access-date=17 May 2019|agency=Nikkei|publisher=Financial Times|date=25 April 2014|location=New York, N.Y., United States|language=English|url-access=subscription}} | 18 | | last1=Stevenson|first1=Alexandra|last2=Bray|first2=Chad|title=K.K.R. Takes 24.9% Stake in Hedge Fund Marshall Wace|url=https://www.nytimes.com/2015/09/10/business/dealbook/kkr-marshall-wace-deal.html|access-date=17 May 2019|agency=The New York Times Company|issue=DealBook|work=New York Times|date=9 September 2015|location=New York, N.Y., United States|page=B5|language=English|url-access=subscription}} | 22 | | last1=Fortado|first1=Lindsay|title=Marshall Wace partners profit as performance fees jump|url=https://www.ft.com/content/7832a836-bd80-11e6-8b45-b8b81dd5d080|archive-url=https://ghostarchive.org/archive/20221212001232/https://www.ft.com/content/7832a836-bd80-11e6-8b45-b8b81dd5d080|archive-date=12 December 2022|access-date=17 May 2019|agency=Nikkei|publisher=Financial Times|date=9 December 2016|language=English|url-access=subscription|url-status=live}} | 25 | | 2017 | 29 | | last1=Fletcher|first1=Laurence|date=27 February 2019|title=Hedge fund Marshall Wace hits jackpot with bets on struggling trio|language=English|publisher=Financial Times|agency=Nikkei|issue=Financial Services|location=London|url=https://www.ft.com/content/cba2c084-3a9f-11e9-b856-5404d3811663|archive-url=https://ghostarchive.org/archive/20221212001248/https://www.ft.com/content/cba2c084-3a9f-11e9-b856-5404d3811663|archive-date=12 December 2022|url-status=live|url-access=subscription|access-date=18 May 2019}} | 39 | | last=Carpenter|first=Scott|title=Hedge Fund Marshall Wace Will Bet On ESG Stocks With New $1 Billion Fund|url=https://www.forbes.com/sites/scottcarpenter/2020/07/04/hedge-fund-marshall-wace-will-bet-on-esg-stocks-with-new-1-billion-fund/|access-date=2020-11-24|website=Forbes|language=en}} | 43.8 | | title=Marshall Wace, LLP 13F Portfolio Filings|url=https://13f.info/manager/0001318757-marshall-wace-llp|accessdate=2024-12-25}} | 54.2 | | 2022 | 44.5 | | 2023 | 59 | | 2024 | 82.1 | ::

References

References

  1. (23 September 2010). "British Minister Faces City's Wrath After Speech". New York Times.
  2. (16 July 2014). "Some Top Money Managers Push for Fed to Start Raising Interest Rates". New York Times.
  3. (29 April 2013). "Financiers' Charity Gala Goes the Way of Canapés". New York Times.
  4. [[U.S. Securities and Exchange Commission]]. (November 14, 2024). "13F-HR Filing".
  5. (16 April 2019). "KKR Strikes Hedge Fund Gold with British Millionaire Pair". [[Bloomberg News]].
  6. "Marshall Wace LLP". Bloomberg.
  7. Fletcher, Laurence. (2020-09-25). "Hedge fund Marshall Wace to open Singapore office".
  8. Brinded, Lianna. "The 13 richest hedge fund managers in Britain".
  9. (April 24, 2019). "Company Overview of Marshall Wace LLP". Bloomberg.
  10. (6 August 2014). "Espirito Santo Still Haunting Portugal ETF". [[Yahoo! Finance]].
  11. "Marshall Wace targets $1bn for new green hedge fund". [[Financial Times]].
  12. Martin, Emily Gosden, Ben. (2023-12-11). "Marshall Wace partners share £538m — down a quarter".
  13. "Marshall Wace Long-Short Fund Reports Record Loss".
  14. Kumar, Nishant. (2022-01-26). "Billionaire Paul Marshall's Hedge Fund Just Made This Historic Move on Value Stocks".
  15. "Contact". Marshall Wace LLP.
  16. "Hedge Fund Standards Board - Annual Report 2009". [[Hedge Fund Standards Board]].
  17. AIMA. "AIMA Council".
  18. (15 July 2012). "Surveys Give Big Investors an Early View From Analysts". New York Times.
  19. (15 December 2010). "Paulson's New Highly Regulated Hedge Fund". New York Times.
  20. (23 April 2017). "Sir Paul Marshall, co-founder Marshall Wace, backing Brexit". Financial Times.
  21. (13 November 2006). "Marshall Wace aims for €1.5bn listing". Financial Times.
  22. (14 January 2007). "Marshall Wace co-founder defends methodology". Financial Times.
  23. (9 March 2008). "Marshall Wace raises €2bn for new fund". Financial Times.
  24. (17 March 2009). "GLG Partners loses top spot in chart". Financial Times.
  25. (15 August 2010). "Marshall Wace investors poised to wind up listed fund". Financial Times.
  26. (25 April 2014). "Marshall Wace buys controlling stake in Eaglewood Capital". Financial Times.
  27. (9 September 2015). "K.K.R. Takes 24.9% Stake in Hedge Fund Marshall Wace". New York Times.
  28. (9 December 2016). "Marshall Wace partners profit as performance fees jump". Financial Times.
  29. (27 February 2019). "Hedge fund Marshall Wace hits jackpot with bets on struggling trio". Financial Times.
  30. Carpenter, Scott. "Hedge Fund Marshall Wace Will Bet On ESG Stocks With New $1 Billion Fund".
  31. "Marshall Wace, LLP 13F Portfolio Filings".
  32. "Marshall Wace, LLP 13F Filings".
  33. "Marshall Wace, LLP Top 13F Holdings".
  34. "Marshall Wace LLP AUM History".

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

hedge-fund-firms-in-the-united-kingdomfinancial-services-companies-established-in-1997investment-management-companies-of-the-united-stateskohlberg-kravis-roberts-companiesmarshall-family-(united-kingdom)