Bloomberg – Marshall Wace LLP, the London-based hedge-fund manager overseeing $4 billion in assets, returned 26 percent with its Japan-focused hedge fund this year by tapping ideas from 150 equity salespeople from outside the firm.
The Marshall Wace TOPS Japan Fund’s gains contrasts with the Topix index’s 2.3 percent drop this year through November, the worst performing benchmark among developed nations this year. The long-short equity strategy fund invested in about 200 Japanese stocks out of 1,000 that trade more than $1 million a day, Des Anderson, a partner at Marshall Wace Asia Ltd., said in an interview in Tokyo.
