LONDON, April 25 British alternative asset
manager Marshall Wace is to buy a controlling stake in US
investment firm Eaglewood Capital Management, the two companies
said on Friday, as they aim to increase their presence in
peer-to-peer and online lending.
The new asset management group MW Eaglewood will have its
own management and be run independently from Marshall Wace, the
companies said, giving no details of the sums involved. The
firms also plan to list a peer-to-peer investment trust on the
London Stock Exchange, subject to regulatory approval.
(Reporting by Freya Berry; editing by Clare Hutchison)