(Reuters) American private equity firm KKR & Co is buying a stake in European hedge fund operator Marshall Wace, raising its bets on the rapidly growing $3 trillion industry. KKR will acquire a 24.9 percent stake in the London-based company, one of Europe’s biggest hedge fund operators with $22 billion of assets under management, with an option to raise it to 39.9 percent.
KKR To Buy Stake in Marshall Wace Hedge Fund Drive
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