留意英資金融股

Financial Times
Monday, July 28, 2008

Marshall Wace set to pursue financials

Marshall Wace, the US$15bn London hedge fund, has poached Morgan Stanley's head of Asian proprietary trading to set up a financials fund in the latest sign that hedge funds are looking for bargains amid bombed-out bank shares.

Amit Rajpal, a former analyst for the investment bank, will have his fund seeded with more than US$200m from the hedge fund, according to two people familiar with Marshall Wace's plans.

Paul Marshall, chairman and co-founder of Marshall Wace, said the "massive dislocation" in the financial system would create "fantastic buying opportunities" among the banks. "We see very big opportunities in financials," he said. "I can't tell you whether it is in three weeks, three months or a year, but it is not going to be in three years."