Marshall Wace To Seek £200M For Listed P2P Fund

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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...