Friday, 24 April 2015
Last updated 7 hours ago
May 16 2014 | 10:58am ET
Fresh from its deal for peer-to-peer lending investor Eaglewood Capital Management, Marshall Wace Asset Management has announced plans to list a peer-to-peer loan fund.
The hedge fund plans to raise £200 million in an initial public offering for P2P Global Investments. The investment trust will be listed on the London Stock Exchange and will invest both in Eaglewood's Income Fund and in loans through a variety of P2P platforms.
Marshall Wace last month agreed to buy a majority stake in New York-based Eaglewood, which it plans to merge with its own months-old P2P effort.
“Peer-to-peer lending has the potential to transform consumer and small and medium enterprise lending practices worldwide by disintermediating the banks,” Marshall Wace co-founder Ian Wace said at the time of that deal.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…