Marshall Wace has a clear and differentiated investment philosophy, based on our commitment to deliver superior returns from a constantly evolving investment process.
To establish competitive advantage, we have developed systematic investment processes to supplement the traditional fund management techniques that drive our manager-led strategies. Our innovation has been to devise a tool to measure and extract the latent alpha residing in the vast output of salespeople within the global broker community, without replicating their manpower resource or research capability.
We believe in substantial investment in technology. It is key to supporting our manager-led strategies and critical to the success of those that are process-driven. It maximises the efficiency with which we collate, analyse and optimise the data that feeds our portfolio construction process. It also delivers the required capacity for the implementation and processing of high trading volumes as well as enhancing our real-time risk management capabilities.
The continued reduction of our execution footprint both in terms of market impact and commission costs is an important strategic objective and additional component of competitive advantage. Using our technology platform to build in-house algorithms that optimise trade execution, facilitate participation in new execution venues and streamline the routing of order flow to access multiple pools of liquidity represents a substantial opportunity to deliver more alpha to investors.