Hedge fund boss Paul Marshall is set to make a large donation to the campaign for the UK to leave the European Union.
Marshall, a co-founder of one of the City’s most successful hedge funds Marshall Wace, will donate in excess of £100,000 to Vote Leave.
Marshall only decided to hand over the cash in recent days, it was first reported by Sky News. It is thought the donation is being made in a personal capacity, other than through Marshall Wace.
The donation may miss the deadline to be included on the initial list of backers to be disclosed by the Electoral Commission on 11 May.
Last week Marshall added his name to a pro-Brexit letter from leading businesspeople and has previously publicly complained about the EU’s response to the 2008 financial crisis, arguing regulations have hurt the hedge fund industry.
Global financial institutions including Citigroup, Goldman Sachs, JP Morgan and Morgan Stanley have all come out in favour of the UK remaining in the EU.
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Brexit vote polls open on 23 June.