Tuesday, 30 September 2014
Last updated 3 hours ago
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.
Sep 22 2014 | 4:15pm ET
Sep 30 2014 | 9:29am ET