Marshall Wace Members Split £83.6M Profit

Dec 5 2013 | 10:33am ET

Marshall Wace Asset Management had a good year last year—and so did its employees.

The London-based hedge fund said its fee income jumped 70% in the year ended February, allowing it to split 76% more in profit than it did in the year-earlier period. All told, Marshall Wace's members split £83.6 million, up from £47.3 million in the year ended February 2012.

Some £57.6 million went to the firm itself and its 100 staff members. The 14 other members divided the rest, averaging a £1.8 million payout for the year.

The year to end in February 2014 looks like it might bring even bigger pay days at the firm: Marshall Wace's assets are up from US$9.5 billion in February to US$13.4 billion now.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note