How did Marshall Wace navigate the severe liquidity drawdowns during the 2008 global financial crisis?
Co-Founder, Chairman & CIO at Marshall Wace
During the 2008 crisis, our assets under management contracted from fourteen billion USD to three and a half billion USD because fund-of-funds clients faced broad liquidity shortages. While competitors gated investor redemptions, we honored every redemption without gating. Maintaining liquidity and market discipline preserved investor trust, enabling us to rebuild our institutional capital base on a significantly stronger foundation.
This answer is part of a full interview with Sir Paul Marshall, Co-Founder, Chairman & CIO at Marshall Wace.
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