Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Marshall Wace backs first peer-to-peer trust launch

Marshall Wace backs first peer-to-peer trust launch

Hedge fund Marshall Wace is backing a global peer-to-peer investment trust launch that is seeking to raise around £200 million.

The hedge fund is aiming to bring peer-to-peer lending into the mainstream following its decision to acquire a controlling stake in Eaglewood Capital Management, a US-based specialist and online lender.

Subject to approval, P2P Global Investments (P2P) is set to be first peer-to-peer investment trust in the world, with plans to list on the London Stock Exchange over the coming months.

The company is seeking to raise £200 million for the trust, which will be managed by an Eaglewood team. As the prospectus is still set to be approved, the company was unable to confirm the potential yield or return that the trust will target.

Eaglewood will be integrated with other peer-to-peer business assets acquired by Marshall Wace late in 2013, creating a new asset management group to be called MW Eaglewood. Marshall Wace will act as an incubator to the business in Europe, providing support in systems, IT, risk management and portfolio construction.

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter