UK-headquartered US$48bn hedge fund manager Marshall Wace plans to open a Singapore office. It has already been granted a fund management licence by MAS. The firm already has offices in Hong Kong and Shanghai. It seems the new Singapore will house both portfolio managers and marketers. The new office will be led by Timothy Quah who joined the firm a year ago as an Investment Analyst in Hong Kong. He has previously worked at Fidelity, Pacific Eagle Asset Management, Orbis Investment Advisory and Dresdner Kleinwort.