Friday, 29 July 2016
Last updated 21 min ago
Mar 10 2008 | 12:18pm ET
Marshall Wace has raised some €2 billion (US$3.1 billion) for a market-neutral version of its popular Tops hedge fund strategy.
To date, the global market-neutral strategy is the largest hedge fund launch of the year, according to the Financial Times. The firm is also reportedly prepping further versions of its Tops strategy, including a short-bias fund.
The London-based firm manages about US$15 billion, with more than US$11 billion in its Tops strategy.