Former Marshall Wace trader demands share of Circle investment profits

10/08 15:45

former Marshall Wace trader Scott Arnold has filed a claim against a London hedge fund, demanding a share of the profits from its investment in stablecoin issuer Circle Internet Group Inc. Arnold claims to have facilitated the deal. Documents show that Marshall Wace has been investing in Circle since 2021, with an investment of about $200 million, and holding over 8.5 million shares, representing about 4%, before the company's listing on the New York Stock Exchange on June 5th. This investment may become one of the fund's most profitable projects.
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