Utilize the input text as a context reference, choose the right relationship between Marshall Wace and hedge fund from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Founded in 1997 by Paul Marshall and Ian Wace, Marshall Wace is one of Europe's foremost hedge fund managers specializing in global long/short equity strategies and has approximately $22bn under management as of August 1, 2015 With investment management offices in London, New York and Hong Kong, Marshall Wace has an excellent 17 year track record of innovation and investment success, consistently delivering risk-adjusted returns in two flagship products (Eureka and TOPS) in line with or above hedge fund and equity benchmarks, and with low correlation to the overall markets.

Answer: industry