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Profits at GB News owner's hedge fund plunge 64%
The Guardian
|January 04, 2025
Profits at the hedge fund co-founded by the GB News and Spectator owner Sir Paul Marshall plunged by almost two-thirds last year, resulting in significantly reduced payouts for its partners.
Marshall Wace, one of London's most successful hedge funds, has declared profits of £192m in the year to the end of February 2024, a sharp fall of 64% compared with £538m the previous year.
Marshall Wace was founded in 1997 by Marshall and Ian Wace and manages more than $71bn (£57bn) in funds, making it one of the largest of its kind in the world.
Last year, Marshall sealed a £100m takeover of the Spectator magazine, adding to a media empire that includes backing the GB News TV channel and the UnHerd website.
यह कहानी The Guardian के January 04, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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