Sep 21, 2020
Sir Paul Marshall is a co-founder and Chairman of Marshall Wace
Asst Management, which is Europe’s largest hedge fund overseeing
$48 billion. The firm specializes in long-short equity management
and notably combines fundamental investing with systematic and
quantitative strategies. Paul recently authored the book 10 ½
Lessons from Experience: Perspectives on Fund Management, and the
show completes a trifecta of consecutive book authors whose work I
thoroughly enjoyed this summer.
Alongside his long history in the business, Paul has been deeply
involved in philanthropy focused on education, and he was knighted
for this work in 2016. And if that’s not quite enough, his son
Winston is a band member of the popular folk rock band Mumford &
Sons.
Our conversation covers Paul’s background. the history of Marshall
Wace and the firm’s evolution. We touch on his thoughts about
quantitative and qualitative investing and on internal and external
fund management. And then we turn to his new book, covering lessons
relating to market efficiency, skill, portfolio construction,
shorting, man and machines, size, and careers.
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Read the Transcript
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