Today, January 27, 2018, Sky News has published an article under the headline “Revealed: City tycoon funds ‘final’ search for doomed MH370.” It begins:
A London-based hedge fund millionaire is helping to finance the “final” search for the missing Malaysia Airlines aircraft which disappeared nearly four years ago, in a bid to solve one of modern aviation’s greatest mysteries. Sky News has learnt that Anthony Clake, an executive at Marshall Wace Asset Management, is the key figure behind Ocean Infinity, the subsea exploration company which won the contract to hunt for the whereabouts of Flight MH370. Mr Clake, who oversees billions of pounds of clients’ money at Marshall Wace, is understood to have invested in Ocean Infinity after being impressed by its advanced technology.
The piece goes on:
Mr Clake’s involvement in the hunt for MH370 is restricted to a financing role at Ocean Infinity, and he has no day-to-day role in the operation. “Anthony Clake has made a private investment in Ocean Infinity and is one of a number of shareholders in the company,” the spokesman said.
Color me suspicious. Clake works for Marshall Wace, which was founded by Paul Marshall, who is also the owner of two companies which each of a sole other board member apart from him: the two listed directors of Ocean Infinity. Clake is described as a millionaire; Marshall is the tenth richest hedge fund manager in Britain. This story doesn’t say that Clake isn’t the sold investor, but one of several. It seems increasingly inconceivable to me that Paul Marshall isn’t another, and probably main, one–notwithstanding the denial given to me by his publicist. As to why he’s being so secretive, I can’t begin to guess.
Hedge fund managers Anthony Clake and Paul Marshall, a Liberal Democrat donor, told The Times they had invested in several shipwreck salvage companies, including some Robert Fraser firms, and in total had found 11 wrecks and a haul of silver.