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.

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