Marshall Wace Profit Up 20%

Dec 6 2012 | 11:30am ET

Marshall Wace Asset Management saw its profit soar 20% last year, on better performance and higher fee income.

The London-based hedge fund said its pre-tax profits for the year ended in February 2012 rose to £47.3 million from £39.4 million in the year-earlier period. Performance fee income jumped 10% to £60.6 million, as two of its hedge funds enjoyed double-digit returns over the period.

Assets under management also rose, by more than 30% to US$7.7 billion.

Staff costs rose, primarily due to performance bonuses, by 19% to £28.4 million. Marshall Wace's 13 partners, led by Paul Marshall and Ian Wace, split £6.2 million of the profits.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR