These guys are on a tear!! This article builds on our blog post "On the Wings of Eagles". Interestingly Eaglewood were the first levered fund we bumped into last year in NYC that was purpose built to suck down loans from P2P platforms like Lending Club.
Marshall Wace LLP, one of Europe's biggest hedge fund managers, will launch a portfolio investing in peer-to peer loans, the latest move by hedge funds to tap into the fast-growing nonbank lending sector. The closed-ended P2P Global Investments PLC fund, which will be run by Marshall Wace, said Friday it is aiming to raise £200 million in an initial public offering, but this could be increased to £230 million. The fund plans to use its own computer programs to pick attractive, high-quality loans on peer-to-peer lending platforms that match borrowers and lenders directly online, including Funding Circle, RateSetter, Zopa and Crossflow Payments.