Wednesday, 20 August 2014
Last updated 1 hour ago
Oct 30 2013 | 11:50am ET
Marshall Wace Asset Management is getting into the peer-to-peer lending business.
The hedge fund has bought a controlling stake in Exchange Associates, which is planning to launch a closed-end fund offering investors exposure to P2P programs, it said yesterday. Terms of the deal were not disclosed.
Exchange Associates hopes to list the fund on the London Stock Exchange "in coming months," it said in the joint statement.
Marshall Wace bought the stake from investment bank Liberum Capital.
P2P lending "has the potential to transform consumer and small-to-medium enterprise lending practices worldwide," Marshall Wace's Michael Sargent said.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note