Hedge Fund Executive Explores the Deep Sea

Anthony Clake, a 43-year-old executive at Marshall Wace in London, has been identified as a significant player in the world of deep-sea exploration for sunken treasures. According to a Bloomberg Businessweek investigation, Clake does not dive into the ocean depths, but he has invested in and overseen sophisticated operations that use cutting-edge technology to locate lost riches resting on the ocean floor.

As an executive at Marshall Wace, a major hedge fund managing around $62 billion in assets, Clake has been instrumental in funding treasure-hunting endeavors. He funds the use of advanced equipment, such as marine robots capable of descending to depths up to 6,000 meters, and a high-tech sonar system used for generating detailed 3D maps of the seabed. Clake’s successful ventures include the discovery of the SS Coloradan, an American steamer carrying gold precipitate sunk by a German U-boat near South Africa, and a sunken ship off the coast of West Africa containing 50 tons of silver coins. Such findings often lead to secrecy, and the melting down and selling of the recovered coins, accompanied by non-disclosure agreements for all involved.

Clake’s earnings from these ventures remain undisclosed. He said, “I don’t do it for a living, I find it interesting to use technology to solve problems under the sea.”

Published by James Heinsman

James has worked as a hedge fund manager for years. As someone who has always enjoyed multi-tasking, James brings his vast financial experience and his hedge fund background to his position as writer and editor for Hedge Crunch. Editor James Heinsman can be contacted at james(at)hedgecrunch.com.