Core Man Quits Marshall Wace

Dec 16 2008 | 3:51am ET

Marshall Wace has lost the manager of one of its flagship hedge funds.

Daoud Zekrya, a partner at the firm, left at the end of November, according to the U.K. Financial Services Authority. He had managed Core, one of the two strategies that make up the Marshall Wace’s $13.4 billion fund of funds, Eureka.

Core is down about 17% this year. The fund, which manages a European equities strategy, launched two years ago.

Ernesto Fragomeni has been named the new manager of Core.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...