$ 55 billion hedge fund Marshall Wace plans to invest in the crypto space

London-based hedge fund Marshall Wace is reportedly preparing to launch a portfolio in the crypto space. Financial Times reported on Tuesday.

Marshall Wace was founded in 1997 by Paul Marshall and Ian Wace and currently manages $ 55 billion in assets.

Paul Marshall, founder of Marshall Wace

The company is launching a digital finance portfolio that will invest in late-stage privately owned digital finance companies. It will target investments in areas such as blockchain technology, digital currency payment systems and stablecoins. A particular focus of the fund is the stablecoins infrastructure.

Marshall Wace is currently speaking to potential investors for a new portfolio led by Amit Rajpal, Managing Director for Asia and co-founder of Indian fintech company Niyogin.

The sources added that Marshall Wace is currently looking for employees in the crypto space. At the end of May, the fund took part in a fundraising round organized by USDC issuer Circle.

“The hedge fund plans to expand quickly to include other forms of investment such as cryptocurrency trading,” added the Financial Times.

Good business

According to NewsBitcoin

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