Report: Hedge Fund Marshall Wace to Open Abu Dhabi Office

London’s $70B Marshall Wace is the latest firm to open an office in Abu Dhabi, according to a December 10 report from Bloomberg.

In a conversation with former UK Chancellor Sajid Javid at the UAE’s annual finance conference, Marshall Wace co-founder Paul Marshall explained that operating in the city was made easier by zero income tax and zero capital gains tax in comparison to cities like London.

Marshall Wace joins firms such as BlackRock, State Street and more recently Eldridge Industries, Polen Capital, and Lone Star Funds, in establishing offices in the Emirati capital, which provides access not only to vast sovereign wealth funds and UHNW clients but also serves as a gateway to emerging markets in the Asia Pacific region.

Written By: Dakota

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Report: Hedge Fund Marshall Wace to Open Abu Dhabi Office

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