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| Photographer: Heiko Prigge | 21. (tie) Paul Marshall / $145 million | |
| Title: Chairman and chief investment officerFirm: Marshall Wace (London)Age: 562015 Rank: No. 21 (tie)2015 Earnings: $145 million2014 Rank: Did not qualify Years on list: 1 | Source of BA, St. John’s College, University of Oxford, 1981 | |
Although Marshall Wace has been around since 1997, this is its coming-out year: Not only do founders Paul Marshall and Ian Wace qualify for the Rich List for the first time, their London firm finished No. 1 in Alpha’s annual Hedge Fund Report Card. Their investors aren’t the only ones to acknowledge the firm’s prowess; last year private equity giant KKR & Co. agreed to buy a roughly 25 percent stake in the firm. The long-short specialist managed $22.8 billion at year-end in its Eureka fundamentally driven funds and TOPS (Trade Optimized Portfolio System) systematic funds. Last year the firm’s MW Market Neutral TOPS fund gained 19 percent, its fourth straight year posting a double-digit gain. The MW Eureka (euro) Fund rose about 12 percent. Eureka benefited from being positioned early for the downturn in China and commodities prices. Marshall serves as chairman and CIO, responsible for the firm’s investment strategy and performance. He also manages the flagship Eureka funds and developed the fundamental long-short investment process. Marshall is heavily involved in British politics. He’s had a long association with the Liberal Democrats Party and is chairman of the management committee of CentreForum, a liberal think tank. He’s a longtime advocate for improving education in Britain and has published a number of articles on the subject. Marshall is a founding trustee of Absolute Return for Kids (ARK), a children’s charity, and chairman of ARK Schools, a network of 34 schools in the U.K. Last year he donated £30 million ($43.7 million) to the London School of Economics and Political Science to create the Marshall Institute for Philanthropy and Social Entrepreneurship.
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