Marshall Wace partners share £60m in profits

The six partners of Marshall Wace, one of the largest hedge fund managers in London, shared more than £60m last year after the group almost doubled its revenues to £88m (€128m).

Its partners, including founders Paul Marshall and Ian Wace, received profit share and pay of £63m in the year to August 2005, compared with under £31m the previous year, according to accounts filed at the UK's Companies House. Revenues at Marshall Wace jumped to £88.1m in the year ended August 31, 2005, according to the consolidated accounts of Marshall Wace LLP made available last week.

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