MW Tops will target annual returns net of fees and expenses of 12%-16%
Marshall Wace has created a company that invests in European Trade Optimised Portfolio System (Tops) strategies. The Guernsey closed-ended investment company, called MW Tops, is managed by Anthony Clake, and will initially invest in two existing Marshall Wace European Tops strategies. The company will target annual returns net of fees and expenses of 12% to 16% with a volatility of 5% to 7%. Firstly, the vehicle will use the Opportunistic Tops strategy, which trades on the basis of investment ideas driven by stock and market momentum, prevailing themes and stock-specific events. Clake h...
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