Fall of 64% at Marshall Wace will result in significantly reduced payouts for 24 partners

The GB News and Spectator owner Sir Paul Marshall saw profits at the hedge fund he co-founded plunge by almost two-thirds last year, resulting in significantly reduced payouts for its partners.

Marshall Wace, one of London’s most successful hedge funds, has declared profits of £192m in the year to the end of February 2024, a sharp fall of 64% compared with the £538m the previous year.