Saturday, 29 August 2015
Last updated 16 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…