Marshall Wace, the $7bn (€6bn) London hedge fund manager, has abandoned merger arbitrage as a strategy and asked Daryn Soards, its merger arbitrage manager, to leave.

A spokesman for the firm, which is one of Europe's 10 largest hedge fund managers, said: "Daryn Soards agreed to resign last week."

William Hutchings

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Billionaire John Caudwell: ‘I’ll still build London’s most expensive homes despite UK wealth exodus’

Citi shuts Málaga office it opened to battle banker burnout

A&O Shearman boss Hervé Ekué: ‘My godfather was accused in a failed coup… he inspired me to be a lawyer’

Citi veteran Selim Elgen joins JPMorgan’s private bank in Dubai

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Senior private banker heads to new employer after three decades

Jain Global hires ex-Millennium portfolio manager Gregoire Thomas

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Thomas has joined the Hong Kong office of Bobby Jain’s new hedge fund

Ex-Brevan Howard portfolio manager’s hedge fund opens Sydney office

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.

JPMorgan to Pay $330 Million Over 1MDB Transactions

European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

European Business Takes Trump Tariffs in Stride

The Dutch insurer and asset manager has focused on making the U.S. its primary market and a key pillar of its growth strategy in recent years.

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The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.

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Alpha School, which has locations in Texas, Florida and California, is launching in New York in September.

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The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

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U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.

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Bill Derrough’s move follows recent leadership changes at Moelis.

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Dominari was new to the finance game when it took office space in Trump Tower. Now it’s a key adviser on the first family’s ventures, from crypto to manufacturing.

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The group is focused on acquiring businesses operating mainly in the U.K. online pharmacy market.

Vulcan Two Group Seeks AIM Stock Market IPO

The bank said it also received authorization from the Bank of Italy to acquire indirect control of Banca Generali subsidiaries and indirect shareholdings in affiliates.

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S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.

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The bank is preparing to move thousands of employees into its new, 2.5-million-square-foot Midtown headquarters.

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NYC Offices Are Back. Nothing Proves It More Than JPMorgan’s $3 Billion Tower.

Corporate profits are on track for a double-digit climb, led by the tech sector.

Strong Crop of Earnings Eases Investors’ Economic Concerns

Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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Tech execs are paying tens of thousands to find brilliant dates or select high-IQ embryos. “They want to raise high-performing children.”

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A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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The president recounted his experiences when asked about an executive order the White House is preparing.

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Marshall Wace drops merger arbitrage

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