Marshall Wace
Hedge fund Marshall Wace was co-founded by Liberal Democrat Paul Marshall, in 1997 with Ian Wace.[1]
History
George Soros provided more than half of the company's initial $60 million financing. Later, the bulk of funding would come from institutional investors.[2]
Paul Marshall stepped back from his investment role in the company in 2004, but resumed it after the 2008 financial crisis. The Times reported in 2009 that his return had boosted the company's profits:
- It is understood that Mr Marshall will be the highest-paid director, although the allocation of the bonus pool has yet to be confirmed. It would further boost his personal fortune, which is estimated to be well over £200 million, and help to restore his image as being one of the most powerful men in the City.[3]
Revolving door access
Co-founder Marshall is a lead non-executive board member at the UK Department for Education, among other roles[4]
Wallace is also a co-founder of Ark schools, an influential player in UK education reform circles, and co-edited The Orange Book with former education minister David Laws.[5]
Notes
- ↑ Nic Fildes, Paul Marshall of Marshall Wace, The Times, 28 December 2009.
- ↑ Barry Cohen, The Return of Paul Marshall, 1 October 2009.
- ↑ Nic Fildes, Paul Marshall of Marshall Wace, The Times, 28 December 2009.
- ↑ Louise Armistead, George Osborne's Treasury team - the power behind the coalition government, telegraph.co.uk, 13 May 2010.
- ↑ Louise Armistead, George Osborne's Treasury team - the power behind the coalition government, telegraph.co.uk, 13 May 2010.
