Marshall Wace buys 80 Capital
Alternatives asset manager Marshall Wace has bought London-based commodity trading advisor (CTA) and quantitative investment manager 80 Capital.
The move into the CTA and quantitative arena will add a separate area of expertise to the firm’s predominantly long/short equity strategies, which are largely based on its successful MW TOPS franchise.
The new global quantitative futures strategy, called MW Helium, will be formed by integrating an existing strategy and a five-strong team from 80 Capital, led by Philippe Azoulay together with Marshall Wace’s own existing resources in the quantitative area.
Azoulay was formerly a Deutsche quantitative executive who is joining Marchall Wace as a partner.
The Helium strategy, which started life under Azoulay at Deutsche Bank, has a three-year track record and around $100m of assets under management.
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