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Marshall Wace swoops for ex-Rising Star's hedge fund in CTA move

One of Europe's biggest managers adds five-strong team led by former Deutsche Bank quant trader in diversification play

Marshall Wace, one of Europe’s largest hedge fund managers, has recruited a former FN Rising Star and his four-strong team from the hedge fund he spun out from Deutsche Bank two years ago.

Marshall Wace will combine a five-strong team from 80 Capital, a managed futures fund that was launched in February 2013 with $50 million in seeding from Deutsche Bank, with its own team, it said in a statement on Wednesday.

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