Sunday, 30 April 2017
Last updated 1 day ago
Feb 18 2008 | 7:54am ET
The largest publicly-listed hedge fund vehicle is coming home.
Marshall Wace said it plans to list its US$2 billion MW Tops fund in London, more than a year after its debut in Amsterdam.
The move follows regulatory changes in Britain easing the rules for listing in the U.K., including a new provision, set to be introduced in the spring, allowing dual listings.
Paul Marshall, co-founder of Marshall Wace, told the Financial Times that the U.K. Financial Services Authority has been “very responsive to investor pressures and the evolution of the market environment.” The firm had previously characterized Britain’s rules as “anachronistic.”