Economics
Marshall Wace Financials Funds Buy Chinese Banks, Property Firms
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Marshall Wace LLP, the London-based asset manager founded by Paul Marshall and Ian Wace, has added Chinese banking and property stocks to two hedge funds, betting a global economic slowdown will prompt an easing in domestic tightening.
China is the largest single-country bullish bet of two global financial hedge funds run by the firm, said their Hong Kong-based manager Amit Rajpal, 38, a former head of Morgan Stanley’s global financials research team.