Marshall Wace Profit Off 15%

Dec 9 2011 | 11:03am ET

Marshall Wace Asset Management saw its profits fall 15% last year.

The London-based hedge fund earned £38.6 million in the year to February, City A.M. reports. Fee income for the fiscal year fell 4% to £64 million.

This year may prove much kinder to the firm, however. Marshall Wace's US$400 million Global Opportunities Fund is up about 28% this year, which should improve the fee income picture for the current fiscal year.

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