Former Marshall Wace trader demands a share of Circle investment profits

Jinse Finance reported that former Marshall Wace hedge fund trader Scott Arnold claims to have led the fund’s early investment in stablecoin issuer Circle Internet Group Inc., and is now seeking a share of the related profits. Documents show that Marshall Wace has invested in Circle since 2021, with an investment of about $200 million. Before Circle’s listing on the New York Stock Exchange on June 5, the fund held more than 8.5 million shares, accounting for approximately 4%. This investment is expected to become one of the fund’s most profitable trades.