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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...