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.