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Marshall Wace, Sir Paul Marshall's hedge fund, reports a near two-thirds drop in yearly profit to £192 million.
Sir Paul Marshall's hedge fund, Marshall Wace, saw its yearly profit fall by nearly two-thirds to £192 million in the year to February 2024, down from £539 million the previous year.
The firm, managing around $70 billion in assets, also reported a drop in turnover from £1.2 billion to £769 million.
The company attributes the decline to political uncertainty and global economic instability.
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Marshall Wace, el fondo de cobertura de Sir Paul Marshall, reporta una caída de casi dos tercios en el beneficio anual a £ 192 millones.