Marshall Wace Makes Hire to Focus on Blockchain Investments
- London-based investment firm manages about $60 billion
- Hedge funds have looked to break into digital assets
This article is for subscribers only.
Marshall Wace is building out a team that invests in private blockchain-related companies, hiring William Benattar for its crossover investment fund, according to people familiar with the matter.
The London-based investment firm manages about $60 billion, mostly in hedge funds that bet on stocks rising or falling. Last July, Bloomberg News reported the firm was raising a new digital finance fund to bet on private companies in areas such as blockchain technology, digital payments and stablecoins.