$55 Billion Hedge Fund Firm Marshall Wace Planning Investments in Crypto Sector
Hedge fund firm Marshall Wace, with $55 billion in assets, is reportedly gearing up to launch a portfolio investing in the crypto sector. London-headquartered hedge fund firm Marshall Wace is planning investments in the crypto sector, the Financial Times reported Tuesday. Founded by Sir Paul Marshall and Ian Wace in 1997, Marshall Wace currently manages $55 billion in assets. The firm is launching a digital finance portfolio that will invest in privately owned, late-stage digital finance companies, the publication detailed, citing people familiar with the plan. It will target investments....
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After a period of absence, institutions seem to be showing new interest in the crypto industry. Per a report by the Financial Times (FT), hedge fund Marshall Wace is currently “plotting” investments in this industry for multiple sectors. With $55 billion assets under management (AUM), Marshall Wace could be one of the biggest entities to […]
Marshall Wace is reportedly still discussing the size of its new digital currency-related portfolio with potential investors. Marshall Wace, a London-based hedge fund giant managing about $55 billion in assets, is reportedly planning a major move into cryptocurrency and blockchain investment.The hedge fund firm is preparing to launch a dedicated portfolio, targeting investments in the digital asset industry, the Financial Times reported on Tuesday.Citing anonymous people familiar with the matter, the report notes that the new initiative will focus on investing in privatelyowned digital....
Blackrock, Fidelity, Marshall Wace, and Fin Capital are investing in crypto firm Circle. In addition, Blackrock, the world’s largest asset manager, has entered into a broader strategic partnership with the crypto firm.
Blackrock, Fidelity, Marshall Wace, Fin Capital to Invest in Circle
Circle Internet Financial announced Tuesday that it has entered into an agreement for a $400 million funding round with investments from Blackrock Inc., Fidelity Management and Research, Marshall Wace LLP, and Fin Capital.
Circle is the issuer of USD Coin (USDC). The....
From rebalancing cash positions to announcing new investment products, hedge funds seem undeterred by the current crypto market decline. Crypto market capitalization is down more than 40% since its $2.5-trillion high back in early May, but institutional investors continue to pile into the market. Despite Bitcoin (BTC) losing over half of its United States dollar value and altcoins tanking almost 70% on average, big-money players like hedge funds are still taking up digital currency investment positions.From direct exposure to crypto to backing firms developing products and services in the....
Lukka said it planned to use the funds for “aggressive growth and global expansion strategy” with its current customer base dealing in products related to the crypto space. Cryptocurrency accounting and data company Lukka said it had raised $110 million in a new funding round led by hedge fund giant Marshall Wace.In a Friday announcement, Lukka said it had completed a $110 million Series E funding round led by Marshall Wace, with participation from Soros Fund Management — a fund created by billionaire investor George Soros — Liberty City Ventures, S&P Global, and accounting advisor....