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Hedge fund duo Marshall and Wace back opposing Brexit camps

High-profile investors throw financial weight behind rival campaigns with six-figure donations as City luminaries vote with their wallets

Paul Marshall, co-founder of Marshall Wace
Paul Marshall, co-founder of Marshall Wace

The two founders of hedge fund firm Marshall Wace are backing opposing sides in the Brexit referendum in a sign that, on some level, the City of London's finance community is just as split over the issue as the rest of the population.

Hedge fund pioneers Paul Marshall and Ian Wace are among the most renowned names in their industry, having started their firm nearly two decades ago but the pair will be on opposite sides on June 23 when voting takes place.

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