Ian Wace Biography
Ian Wace is a British banker who, with Paul Marshall, co-founded Marshall Wace Asset Management, a London-based hedge fund, in 1997. In 2001, he and Marshall, together with another hedge fund manager, Arpad Busson, co-founded Absolute Return for Kids (ARK), a children’s non-profit.
How old is Ian Wace? – Age
He is 60 years old as of January 2023. He was born in 1963. His real name is Ian Gerald Patrick Wace.
Ian Wace Family – Education
Charles Wace, his brother, is the CEO of the global television production business Twofour Group. He lacks a college education; Institutional Investor labeled him “possibly the only individual without a college education to ever qualify for the Rich List.”
Ian Wace Wife – Children
Wace’s first wife and their two little children were murdered in a vehicle accident in Hampshire in September 1994, when he was 31 years old (they had been driving in separate cars). He married Fiona Hardy two years later and they had two daughters before splitting up in 2010. He married model Saffron Aldridge in 2012. In 2001, he collaborated with his colleague Paul Marshall and another hedge fund manager, Arpad Busson, to address the situation of Romanian orphans. They established Absolute Return for Kids (ARK), a non-profit organization for children.
Ian Wace House
Ian, an English hedge fund billionaire, paid £1.7 million for the biggest of the Summer Islands off the west coast in 2017. Summer Islands Enterprises has relocated to the island off the Coigach peninsula at Achiltibuie. The horror film The Wicker Man was inspired by the island. Mr Wace is in charge of massive construction that will transform the island into an exquisite getaway for up to 60 paying visitors. The Hanger was erected in 1924 and is one of the country’s oldest aviation structures.
The practical interior area will be utilized for large groups and will contain a wide open space for eating and entertaining, exercise and day rooms, a fully equipped kitchen, and a gym. The kitchen, sanitary facilities, and studio are located in the back expansion. Meanwhile, the two side additions hold the gym in one and a covered parking area in the other. The project began in April 2017 and already employs over 100 individuals. Mr Wace’s ambition is to deliver a one-of-a-kind experience and high quality of service to visitors to the island. The island was previously a harbor for herring fishing and suffered when the business declined. Tanera Mor had 118 residents in 1881, and they had all departed by 1931. According to architects, the island’s redevelopment has included several roads.
Ian Wace Net Worth
Wace is worth £630 million, according to The Sunday Times Rich List for 2020.
Ian Wace Yacht
He was observed in his recently rebuilt 1930s super-yacht, named after his sadly murdered daughter. It was released after a christening ceremony in which it was renamed in honor of Mr Wace’s daughter Alicia, who died in a vehicle tragedy at the age of 11 months, together with his son Guy, four, and wife Joanna, 34.
The 50-meter classic yacht emerged after a comprehensive renovation at Southampton Marine, which began in 2015. The ship’s systems were overhauled, and “significant structural work” was performed on the yacht. Following Sir Charles Dunstone’s Shemara and Lord Sugar’s Lady A, Alicia is the yard’s third iconic super-yacht refit.
Wace’s boat is also very similar to James Dyson’s 250-foot Nahlin. It also returned following a lengthy overhaul in 2010 and was photographed coming into the same Devon port.
The Nahlin, which was originally owned by King Edward VIII, was erected in 1930 and had six guest cabins with en-suite baths, a particular ladies’ sitting room, a gym, and a library. When the prince opted to accompany his married mistress Wallis Simpson on a lengthy tour across Eastern Europe, the ship became famous. Wace has now followed in the footsteps of James Dyson by having his own 1930s motor boat properly refurbished and launched in the same port.
Ian Wace Accident
Wace stood in his Mercedes’ rearview mirror, terrified, as his family, following in a Range Rover, was wiped out. The tragedy moved the entire country. The crash continues to haunt Ian. The family was returning to London in convoy after spending the weekend with relatives in Plymouth when the Range Rover slammed over the central reserve of the A303 at Thruxton, Hants, into the path of a lorry.
The devastated father returned to the scene, cradling his dying kid in his arms. It took 40 minutes for rescuers to extricate the pinned infant from her car seat, but she had already died. Joanne died at the hospital as a result of head and internal injuries.
Ian Wace Career
Wace worked with S. G. Warburg & Co. for 11 years, becoming its youngest director ever at the age of 25. He rose steadily through the ranks, becoming head of European stock sales in 1988, proprietary trading head in 1993, and international trading head in 1994. In 1995, he became the head of stock and derivative trading at Deutsche Morgan Grenfell.
He and Paul Marshall co-founded the hedge fund Marshall Wace in 1997, which they still oversee; Wace is the CEO and chief risk officer, while Marshall is the chairman and chief investment officer. They established a long-term strategic relationship with the private equity company Kohlberg Kravis Roberts (KKR) in September 2015, which purchased a 24.9% share in Marshall Wace, which they raised to 29.9% in November 2017.
Marshall Wace, which manages $22 billion in client money, was awarded the “best-performing hedge fund in 2015” by Institutional Investor in 2016.