Marshall Wace Expands in Dublin as Brexit Looms, FT Reports

(Bloomberg) -- U.K. hedge fund Marshall Wace is beefing up its Dublin operation in preparation for Brexit, the Financial Times reported.

Ireland’s central bank granted licenses for the fund to run so-called UCITS and AIFM fund management companies, allowing it to sell retail and alternative investment products across the European Union after the U.K. leaves the bloc next year, the newspaper said.

A spokesperson for the hedge fund, chaired by Brexit supporter Paul Marshall, declined to comment on Saturday when contacted by Bloomberg News.

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