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Hedge Fund Marshall Wace Forms Workforce, Focusing On Blockchain Investments
Investment firm Marshall Wace is forming a blockchain team to focus on investing in private blockchain-related companies.
9:41 6th May, 2022

The company has also hired William Benattar, who has made technology investments in UK property developer Nick Candy's family office, to prepare for its crossover investment

The firm aggressively raised a new digital finance fund last July to invest in high-tech companies in areas, such as blockchain technology, digital payments and stablecoins.

Marshall Wace LLP is a hedge fund based in London, founded by Paul Marshall and Ian Wace in 1997. As of January 2022, its assets under management reach US$ 64 billion.

Marshall Wace is one of Europe’s foremost hedge fund managers specialising in global long/short equity with investment management offices in London; New York.

A survey conducted by PWC and Elwood Asset Management indicates that 47% of traditional hedge fund firms have entered or plan to enter the cryptocurrency market. The research surveyed 39 hedge fund firms in the first quarter of this year with a total of $180 billion in assets under management.


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