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KKR Strikes Hedge Fund Gold with British Billionaire Pair

(Bloomberg) A pair of 200-year-old wooden elephants adorn the London lobby of one of the financial world’s biggest beasts. The carvings guard the Chelsea office of fast-growing $39 billion hedge fund Marshall Wace. Co-founders Paul Marshall and Ian Wace are an unlikely duo. Marshall, 59, studied at St. John’s College, Oxford, before graduating with an MBA from Insead. He ran unsuccessfully for Parliament before turning to finance and backed Brexit. Wace, 56, went straight to work for SG Warburg before joining Deutsche Morgan Grenfell. He supported the U.K. sticking with the European Union.

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