Friday, 1 August 2014
Last updated 8 hours ago
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.