Morgan Stanley Exec. To Launch Marshall Wace Financials Fund

Jul 28 2008 | 11:39am ET

Marshall Wace has added a senior Morgan Stanley executive to launch a new financials hedge fund.

The US$15 billion London hedge fund shop has lured Amit Rajpal, Morgan Stanley’s head of Asia proprietary trading, with the promise of his own hedge fund seeded with US$200 million in firm capital, the Financial Times reports. Rajpal, who is and will remain based in Hong Kong, is a former banking analyst at the Wall Street giant.

“We see very big opportunities in financials,” Paul Marshall, co-founder, said. “I can’t tell you whether it is in three weeks, three months or a year, but it is not going to be in three years.”


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