MW Tops: Tip-Top

Marshall Wace was carrying the hopes of the hedge fund industry in its efforts to raise E1.5bn through a Euronext-listed vehicle. MW Tops would be the biggest permanent capital listing since KKR raised an E5bn fund earlier this year. And its success was crucial to rebuild confidence in the sector following the subsequent dismal performance of the KKR fund. Where Marshall Wace led, many hoped to follow. In truth, MW Tops was always likely to be a success. The fund was uniquely well-placed to tap...