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.


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