Marshall Wace has entered the top five rankings of the European hedge fund managers that have made the most money for investors since their inception, according to new research.

The firm, which was set up in 1997 by Paul Marshall and Ian Wace, is one of four long/short equity managers that dominate the latest European rankings from fund of funds manager LCH Investments. In 2013, Marshall Wace made net gains of $1.4 billion.