Marshall Wace To Quit Caymans For Ireland

Apr 23 2010 | 11:50am ET

Marshall Wace Asset Management is moving its hedge funds from an offshore island to an onshore one.

The London-based hedge fund has established a new feeder fund in Ireland, Hedge Funds Review reports. The new feeder fund has about 20 sub-funds, one for each of Marshall Wace’s existing strategies.

Marshall Wace’s funds are currently domiciled in the Cayman Islands, using the same master-feeder structure. The firm is expected to liquidate those funds, asking its investors to redeem and then re-invest in the Irish funds.

Marshall Wace already has a pair of UCITS III-compliant hedge funds domiciled on the Emerald Isle.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...