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Former Marshall Wace trader requests to receive a share of Circle's investment profits.
According to Jinse Finance, former Marshall Wace trader Scott Arnold has made a claim against a London hedge fund, demanding a share of the profits from its investment in the stablecoin issuer Circle Internet Group Inc. Arnold claims he was the one who facilitated the deal. Documents show that Marshall Wace has invested in Circle since 2021, contributing approximately $200 million, and held over 8.5 million shares before the company went public on the New York Stock Exchange on June 5, accounting for about 4% of the company. This investment could become one of the fund's most profitable projects.