Sunday, November 24, 2024

Hedge Fund Boss Seizes Bigger Slice of UK Conservative Media

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In London’s Westminster district, the center of British political power, a 60-meter stretch symbolizes Paul Marshall’s bid to shape the future of conservatism in the country — and the vast hedge fund fortune he’s putting behind that push.

At one end of Old Queen Street, the headquarters of the billionaire’s media venture UnHerd occupies one of the grandest townhouses. Just one minute’s stroll from its ground floor cafe, you reach his empire’s newest outpost: the Spectator — the world’s oldest weekly magazine still in print, which the chairman and founding partner of Marshall Wace LLP just bought for £100 million ($131 million).

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