Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter