Marshall Wace forms Asian JV with GaveKal

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Marshall Wace is forming a joint venture in Asia with well-known research and investment company GaveKal Holdings in a move that represents a major development of its activities in Asia and is likely to be the first in a series of strategic steps to boost its ‘manager-led’ fund management business globally.

The new company, Marshall Wace GaveKal Asia Limited, will be responsible for the management of GaveKal’s existing Asian absolute return funds and will also launch a number of new fundamentally-driven long/short equity products focusing on the Asia-Pacific markets.

The first of these will be a Japanese equity long/short fund,