Hedge Fund Marshall Wace is paying most of its people in London £490k
Hedge fund Marshall Wace finished filing its 2024/2025 accounts. What was a suggestion earlier this week is now confirmed: the firm had a simply lovely year.
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A few days ago, accounts for Marshall Wace LLP and MWAM North America LLP were released. The last piece of the puzzle, the accounts for Marshall Wace Asset Management Limited, have now been released too.
As expected, as the London-based hedge fund performed very well, it also paid its people very well. The 422 people at the firm for the year ending 28 February 2025 earned an average of £490k ($651k) each. It was a 19% increase on the £413k ($549k) paid on average to 350 employees in the year prior.
Much like the other subsidiaries, pay was already high and went up even more dramatically. It increased most dramatically for the firm’s partners (UK legal jargon for partners in a partnership), whose share of Marshall Wace’s profit went up from £8m ($11m) in the year ending 28 February 2024 to £26m ($34m) in the year after. That is a 226% increase.
The growth in headcount was also notable. Across the three subsidiaries, the firm employed 539 office, administration, compliance, and fund management people (including partners) for the year ending 28 February 2024. That went up to 641, a 19% increase, for the year ending 28 February 2025.
Marshall Wace has been doing pretty well recently. Bloomberg reported last month that it planned to return $3.1bn to investors, mainly from its flagship Eureka fund. Its market-neutral TOPS fund has been one of the best-performing funds this year, per Reuters, returning 16% for the year to December.
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