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TOPS in Its Field

When Paul Marshall and Ian Wace decided to find a way to track and analyze stock picks six years ago, little did they know that the resulting product, called TOPS, would transform their business.

Rarely have two hedge fund managers taken opposite sides of a bet and each made hundreds of millions. But Paul Marshall and Ian Wace, the founders of London-based Marshall Wace, have done just that. When they launched their business in 1997, the two partners held fundamentally different views of investment

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