New Marshall Wace Market-Neutral Fund Tops In ‘08

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.

 


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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