Digital Assets Report

Newsletter

Like this article?

Sign up to our free newsletter

State Street to provide investment services for Marshall Wace ETF

Related Topics

State Street has been appointed to provide investment services to hedge fund group Marshall Wace for its new equity neutral exchange-traded fund – MW Tops Global Alpha.

According to Marshall Wace, it is the first ETF targeting an absolute return from a single investment strategy and the first ETF in Europe to be run by a dedicated alternative asset manager.

The fund, listed on the London and Frankfurt stock exchanges, provides exposure to a range of investment strategies comprising mainly large-cap equities and equity-related securities.

State Street’s operations in Ireland will provide a range of custody and fund administration services to the new fund.

“We are delighted to have been selected by Marshall Wace to provide investment services for this innovative new product,” says Gavin Nangle, vice president and head of business development for State Street in Ireland. “Marshall Wace is one of the leading forces in the alternatives segment of the market and we look forward to building a meaningful and long-term partnership with them.”
 

Like this article? Sign up to our free newsletter

Most Popular

Further Reading

Featured