Marshall Wace, a successful $4.5 billon hedge fund group based in London, is gearing up to bring its revolutionary Trade Optimized Portfolio System technology to the U.S. The system, known as Marshall Wace TOPS, was originally developed for the firm's flagship $3 billion Eureka fund, one of the market's biggest European equity strategies. It began as an information tool, designed to poll and measure the quality of recommendations from brokers and specialist salespeople. But it has subsequently been developed into a portfolio application system also designed to optimize the ideas being inputted.
In Europe, MW