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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.
Andrew
9:41 6th May, 2022
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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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