Market’s take on KKR’s stake in hedgie Marshall Wace: client-focused ‘strategic move’

News last week that New York-based private equity giant KKR had taken a minority stake in London-based hedge fund group Marshall Wace surprised few industry observers, even though it was clearly not intended as a straightforward portfolio investment on KKR’s part – while not quite being a bolt-on acquisition either, given its “minority” nature.