Marshall Wace's Japan fund outperforms despite difficult market

December 10th, 2009
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Despite a difficult year for the Japanese market, Marshall Wace Asset Management’s TOPS Japan fund has returned 26% year-to-date. The Topix index has dropped 2.3% YTD, which is the worst performance out of any developed nation benchmark this year.

According to Bloomberg, Marshall Wace’s long-short equity fund uses top ideas polled from brokerage salespeople to construct portfolios. TOPS managers get about 500 ideas per day and pay the brokerages a commission based on the performance of the investments they recommend.

Des Anderson, a partner at Marshall Wace, commented that raising capitals has been difficult, even for Marshall Wace’s well-performing funds like TOPS Japan. He noted that people are uncomfortable investing in “geographic specific” strategies and prefer global strategies that allow for some diversification.
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Marshall Wace Asset Management
Related People: Ian Wace; Paul Marshall
Related Entities: Marshall Wace Eureka Fund; Marshall Wace GaweKal Asia Limited; Marshall Wace LLP; MW TOPS Limited
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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