Marshall Wace Splits With Asian Partner

Mar 5 2013 | 10:46am ET

Marshall Wace Asset Management has ended an Asian joint-venture, citing a lack of synergy with long-only manager GaveKal Holdings.

The two sides have dissolved the partnership, which had raised US$1.3 billion since its debut in 2008, Financial News reports. Marshall Wace will take over its long/short funds, with US$450 million in assets, with GaveKal absorbing $850 million in long-only vehicles.

During its nearly five years, the Marshall Wace-GaveKal venture launched funds focused on Asia, Japan and Chinese bonds.

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