"Lansdowne Partners and Marshall Wace: a tale of two hedge funds
How the London firms diverged in a Darwinian tale of performance, succession and strategy"
- FT, June 2023
How the London firms diverged in a Darwinian tale of performance, succession and strategy"
- FT, June 2023
"Born a year apart a quarter of a century ago, Lansdowne Partners and Marshall Wace struck out on the same path, using fundamental analysis to buy and sell European equities.
Now the London hedge funds are very different animals."..
Now the London hedge funds are very different animals."..
Lansdowne has struggled to diversify beyond its flagship fund, hamstrung by a static ownership structure that limits incentives for new hires...
Marshall Wace, meanwhile, has carved out a position as Europe’s answer to US industry giants Citadel .... Assets under management have swelled to a record $63bn, an anomaly among the region’s equities hedge funds that have largely retrenched...
"Their trajectories provide a microcosm of the hedge fund sector’s evolution from a cottage industry of boutique managers to a handful of big names running diversified, sophisticated and technologically driven businesses."..
"Marshall Wace was set up by Paul Marshall and Ian Wace in 1997 with $50mn in assets, some of which came from Hungarian-born financier George Soros. Marshall was ex-Mercury while Wace had worked at SG Warburg then Deutsche Morgan Grenfell."
"Marshall Wace sold a 24.9 per cent stake to KKR in September 2015."
"The alternatives giant has since increased its holding to 39.9 per cent and during their partnership Marshall Wace’s assets under management have almost tripled."
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"Wace said the KKR deal “focused the mind of the partners about the value of partnership, and it focused the investors on the value of investment”."
Marshall Wace has also been investing in the Ethereum ecosystem ? 🤔
Marshall Wace has also been investing in the Ethereum ecosystem ? 🤔
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