Paul Marshall (investor)#Engagement with far-right Twitter content

Paul Roderick Clucas Marshall was born on 2 August 1959 in Ealing, London, England, the son of Alan Marshall, managing director of the Philippine Refining Company (later Unilever Philippines), and Mary Sylvia Clucas.Who's Who in Southern Africa, vol. 54, Ken Donaldson Ltd, 1959, p. 441Economic Review, vol. 19, Economic & Industrial Publications, 1988, p. 89{{Cite web|url=https://familysearch.org/ark:/61903/1:1:QVWS-JS4D|title=FamilySearch.org|website=FamilySearch}} His sister is the journalist Penny Marshall.The International Who's Who of Women 2002, third edition, ed. Elizabeth Sleeman, Europa Publications, p. 364

When his parents moved to the Philippines and then South Africa for his father's job with Unilever, Marshall boarded at Merchant Taylors' School, in Northwood, London. He boarded in the Manor of the Rose while at the school.{{Cite news|url=https://www.ft.com/content/5ab5fb78-2437-11e7-8691-d5f7e0cd0a16|title=Sir Paul Marshall, co-founder Marshall Wace, backing Brexit|last=|first=|date=23 April 2017|website=Financial Times|language=en-GB|access-date=23 September 2019|last1=Fortado|first1=Lindsay}}

From there he went to St John's College, Oxford, to read History and Modern Languages, and subsequently took an MBA from INSEAD business school in Fontainebleau, France.{{cite web|url=http://www.everychildachancetrust.org/trustees/index.cfm|title=Every Child A Chance Trustees|date=2 May 2009|accessdate=29 January 2018|url-status=bot: unknown|archiveurl=https://web.archive.org/web/20090502010026/http://www.everychildachancetrust.org/trustees/index.cfm|archivedate=2 May 2009}}

Marshall co-founded Marshall Wace LLP, now one of Europe's largest hedge fund groups, in 1997 together with financier Ian Wace,[https://web.archive.org/web/20110612021227/http://business.timesonline.co.uk/tol/business/article578554.ece Computer system gives fund a route to the top]. Business.timesonline.co.uk. 15 October 2005. Retrieved on 28 April 2012. and serves as chairman of the company.[https://www.thetimes.com/business-money/companies/article/paul-marshall-of-marshall-wace-pvg7lk06hr6 Paul Marshall of Marshall Wace]. Movers and Shakers, The Times. 28 December 2009. Retrieved on 8 September 2014.{{Cite web|url=http://www.cbetta.com/director/paul-roderick-clucas-marshall-2|title=Paul Roderick Clucas Marshall director information. Free company director check.|website=www.cbetta.com|language=en|access-date=16 January 2020}} At the time of its founding, Marshall Wace was one of the first hedge funds in London. The company started with $50 million, half of which was from George Soros.

Funds managed by Marshall Wace have won multiple investment awards{{Cite web|url=https://hfm.global/|title=Hedge fund data and intelligence|website=HFM}} and the company has become one of the world's leading managers of equity long/short strategies. Marshall Wace manages over $50 billion and has offices globally.{{Cite news|url=https://www.thetimes.com/uk/article/sunday-times-rich-list-2019-profiles-201-249-lw0l7kqww|title=Rich List 2019: profiles 201–249=|newspaper = The Times|date=12 May 2019|access-date=23 September 2019|language=en|issn=0140-0460}} Prior to founding Marshall Wace, Marshall worked for Mercury Asset Management, the fund management arm of S. G. Warburg & Co.

Marshall was lead non-executive director at the Department for Education with responsibility for the Union from 2013 to 2016.{{cite web|url=https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/321013/Lord_Browne_annual_report_2013-2014.pdf|title= The Government's Lead Non-Executive's Annual Report {{!}} Financial Year 2013–14|website=gov.uk}}{{Cite web |title=Sir Paul Marshall |url=https://www.gov.uk/government/people/paul-marshall |access-date=2024-04-05 |website=GOV.UK |language=en}}

He is a member of the Hedge Fund Standards Board.{{cn|date=March 2025}}

In 2017, he told the Financial Times in an interview that he had no intention of retiring.

Marshall had a longstanding involvement with Britain's Liberal Democrats party.[https://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/03/05/ccprof05.xml Personal finance news, how to make money, how to save money]{{dead link|date=July 2021|bot=medic}}{{cbignore|bot=medic}}. The Daily Telegraph. (31 May 2011). Retrieved on 28 April 2012. He was a research assistant to Charles Kennedy, former leader of the Liberal Democrats in 1985 and stood for Parliament for the SDP–Liberal Alliance in Fulham in 1987. He has made appearances on current affairs programmes such as BBC Radio 4's Any Questions?.[http://www.bbc.co.uk/radio4/news/anyquestions_transcripts_20080222.shtml Transcript: Any Questions? 22 February 2008], Radio 4. BBC. Retrieved on 28 April 2012.[http://www.bbc.co.uk/radio4/news/anyquestions_transcripts_20060210.shtml Transcript: Any Questions? 10 February 2006] {{Webarchive|url=https://web.archive.org/web/20121112201203/http://www.bbc.co.uk/radio4/news/anyquestions_transcripts_20060210.shtml |date=12 November 2012 }}. Radio 4. BBC. Retrieved on 28 April 2012.

In 2004, Marshall co-edited The Orange Book with David Laws. Chapters were written by various upcoming Liberal Democrat politicians including Nick Clegg, Chris Huhne, Vince Cable, Ed Davey and Susan Kramer (neither Clegg, Huhne nor Kramer were MPs at the time). Laws, describing the pair's ambition in publishing The Orange Book, wrote "We were proud of the liberal philosophical heritage of our party. But we both felt that this philosophical grounding was in danger of being neglected in favour of no more than 'a philosophy of good intentions, bobbing about unanchored in the muddled middle of British politics'"{{cite journal|last=Sanderson-Nash|first=Emma|date=2012|title=THE ORANGE BOOK – TURNING RIGHT OR CHANGING GEARS?: iea economic affairs|url=https://onlinelibrary.wiley.com/doi/10.1111/j.1468-0270.2012.02148.x|journal=Economic Affairs|language=en|volume=32|issue=2|pages=11–16|doi=10.1111/j.1468-0270.2012.02148.x|s2cid=154068780|hdl=10.1111/j.1468-0270.2012.02148.x|hdl-access=free|url-access=subscription}} The book attracted initial controversy when launched,{{cite news|url=http://news.bbc.co.uk/1/hi/uk_politics/3677838.stm|title=Lib Dem 'lurch to right' warning|date=21 September 2004|work=BBC News|access-date=12 July 2012}}{{cite news|url=https://www.telegraph.co.uk/news/uknews/1472312/Voters-will-turn-to-us-next-says-poll-strategist.html|title='Voters will turn to us next' says poll strategist|date=22 September 2004|work=The Daily Telegraph|access-date=12 July 2012}} but both it and the term Orange Bookers to describe those sympathetic to its outlook continue to be frequently referenced to describe a strand of thought within the Liberal Democrats.{{cite news|url=http://www.politics.co.uk/comment-analysis/2010/6/23/comment-clegg-needs-to-ride-the-storm|title=Clegg needs to ride the storm|last=Dunt|first=Ian|date=23 June 2010|work=Politics.co.uk}}{{cite news|url=https://www.channel4.com/news/articles/vote_2010/who%2Bwill%2Bgovern%2Bin%2Ba%2Bhung%2Bparliament/3628427.html|title=Could a minority government deal be done?|date=28 April 2010|last=Callus|first=Greg|work=Channel 4 News}}

Between 2002 and 2015, Marshall donated £200,000 to the Liberal Democrats. He left the party in 2015 over its policies on the European Union and its support of continuing British membership.

Marshall was a public supporter of Brexit during the European Union membership referendum in 2016.{{cite news|url=https://www.reuters.com/article/uk-britain-eu-city-idUKKCN0XQ1MM|title=Hedge fund managers Crispin Odey and Paul Marshall say Brexit would help London|newspaper=Reuters |date=30 April 2016|via=www.reuters.com}} He gave a donation of £100,000 to the Leave campaign.

Writing for BrexitCentral in April 2017 on the UK exiting the European Union, Marshall wrote: "This is a huge opportunity for the UK. Our ambition is that the UK should be a champion of free trade, open and outward looking to the world and built on strong institutions."{{Cite web|url=https://brexitcentral.com/prosperity-uk-challenges-opportunities-brexit/|title=How Prosperity UK is grappling with the practical challenges and opportunities of Brexit|date=19 April 2017|website=BrexitCentral|language=en-GB|access-date=23 September 2019}} In an interview with the Financial Times, he said: "Most people in Britain do not want to become part of a very large country called Europe. They want to be part of a country called Britain."

Marshall donated £3,250 to Michael Gove's Conservative Party leadership campaign in July 2016,{{Cite web |last=Hughes |first=Solomon |date=24 January 2018 |title=A Millionaire Who Funded Brexit Made a Killing as Carillion Crashed |url=https://www.vice.com/en/article/a-millionaire-who-funded-brexit-made-a-killing-as-carillion-crashed/ |access-date=23 September 2019 |website=Vice |language=en}} and in 2019 gave £500,000 to the Conservative Party.{{Cite web |title=Search – the Electoral Commission |url=http://search.electoralcommission.org.uk/English/Search/Donations?currentPage=1&rows=10&query=marshall&sort=AcceptedDate&order=desc&tab=1&et=pp&et=ppm&et=perpar&et=rd&isIrishSourceYes=true&isIrishSourceNo=true&prePoll=false&postPoll=true®ister=gb®ister=ni®ister=none&optCols=Register&optCols=CampaigningName&optCols=AccountingUnitsAsCentralParty&optCols=IsSponsorship&optCols=IsIrishSource&optCols=RegulatedDoneeType&optCols=CompanyRegistrationNumber&optCols=Postcode&optCols=NatureOfDonation&optCols=PurposeOfVisit&optCols=DonationAction&optCols=ReportedDate&optCols=IsReportedPrePoll&optCols=ReportingPeriodName&optCols=IsBequest&optCols=IsAggregation}}

In 2017, Marshall gave funding to the political news website UnHerd.

In 2020–2021, Marshall invested £10 million into the political news and opinion channel GB News.{{Cite news |last=Kleinman |first=Mark |date=31 December 2020 |title=City tycoon Marshall tunes into £60m GB News fundraising |url=https://news.sky.com/story/city-tycoon-marshall-tunes-into-60m-gb-news-fundraising-12176428 |access-date=1 January 2021 |work=Sky News}}{{Cite news |last=Kleinman |first=Mark |date=6 January 2021 |title=GB News seals £60m funding ahead of 'boldly different' launch |url=https://news.sky.com/story/gb-news-seals-60m-funding-ahead-of-boldly-different-launch-12180284 |access-date=6 January 2021 |work=Sky News}} Following the resignation of Andrew Neil in September 2021, Marshall temporarily replaced him as chairman,{{cite news |last1=Waterson |first1=Jim |date=18 September 2021 |title=Behind the scenes of Andrew Neil's departure from GB News |url=https://www.theguardian.com/media/2021/sep/18/behind-the-scenes-of-andrew-neils-departure-from-gb-news |access-date=26 December 2021 |work=The Guardian}}{{cite news |last1=Butterworth |first1=Benjamin |date=21 September 2021 |title=Andrew Neil will not appear again on GB News despite promised return as a 'regular contributor' |url=https://inews.co.uk/news/media/andrew-neil-not-appear-again-gb-news-promised-return-regular-contributor-1211467 |access-date=26 December 2021 |work=i}} before being succeeded by Alan McCormick in April 2022.{{cite news |last1=Tobitt |first1=Charlotte |date=25 April 2022 |title=New GB News chairman says channel should feel 'sincerely flattered' by TalkTV launch |url=https://pressgazette.co.uk/gb-news-versus-talktv/ |access-date=26 April 2022 |work=Press Gazette}} In 2022–23, he invested a further £41 million to stem the company's £42 million loss in that year.{{Cite web |title=GB News owner pumps in further £41mn in funding as losses widen |url=https://www.ft.com/content/42e2dee8-e5f7-4ae0-be4f-248bb9403387 |archive-url=https://archive.today/20240305123930/https://www.ft.com/content/42e2dee8-e5f7-4ae0-be4f-248bb9403387 |archive-date=2024-03-05 |access-date=2024-03-06 |website=Financial Times|date=5 March 2024 |last1=Thomas |first1=Daniel }}{{Cite news |date=2024-03-05 |title=GB News posts £42m loss but grows online audience |url=https://www.bbc.com/news/business-68480543 |access-date=2024-03-06 |work=BBC News |language=en-GB}}

Working with Jordan Peterson and Baroness Stroud, Marshall helped create the Alliance for Responsible Citizenship, giving a keynote address at its first conference in October–November 2023.{{Cite news |last=Earle |first=Samuel |date=2023-10-28 |title=Loud and uncowed: how UnHerd owner Paul Marshall became Britain's newest media mogul |url=https://www.theguardian.com/media/2023/oct/28/loud-and-uncowed-how-unherd-owner-paul-marshall-became-britains-newest-media-mogul |access-date= |work=The Guardian |language=en-GB |issn=0261-3077}}

In September 2024, he became the proprietor of The Spectator magazine, spending £100 million on the purchase.

In February 2024 the advocacy group Hope not Hate called attention to Marshall's activity on his private Twitter account, which had almost 5,000 followers, including MPs and journalists.{{Cite web |title=Paul Marshall, the financier turned media baron bankrolling GB News |url=https://www.ft.com/content/7740464a-c4c2-4359-9624-9d27cf81c867 |archive-url=https://archive.today/20240309171751/https://www.ft.com/content/7740464a-c4c2-4359-9624-9d27cf81c867 |archive-date=9 March 2024 |access-date= |website=Financial Times|date=9 March 2024 |last1=Agnew |first1=Harriet |last2=Thomas |first2=Daniel }}{{Cite news |last=Bland |first=Archie |date=2024-02-26 |title=Sunak, his media allies – maybe even Lee Anderson – know Sadiq Khan is no Islamist. This is tactical racism |url=https://www.theguardian.com/commentisfree/2024/feb/26/sunak-media-lee-anderson-sadiq-kahn-no-islamist |access-date= |work=The Guardian |language=en-GB |issn=0261-3077}} He had liked tweets from far right and conspiracy accounts{{Cite web |last=Norden |first=Jasmine |date=2024-04-15 |title=Sir Paul Marshall steps down as Ark Schools chair |url=https://www.tes.com/magazine/news/general/sir-paul-marshall-steps-down-ark-schools-chair |archive-url=https://archive.today/20240914212149/https://www.tes.com/magazine/news/general/sir-paul-marshall-steps-down-ark-schools-chair |archive-date=2024-09-14 |access-date=2025-03-10 |website=TES |language=en}} which contained climate denialism, which called for "mass expulsions" of immigrants, and which predicted civil war "once the Muslims get to 15–20%". Other tweets referred to Muslim immigration as "infiltration" that would lead to "the establishment of a totalitarian Islamic theocracy", and advocated believing in God because "the other side" is "committed to worshipping Satan, evil, homosexuality and corrupting children". One of his own tweets, referring to an interfaith ceremony conducted in a French church, said that the Christian church "has its useful idiots".{{Cite web |last=Davis |first=Gregory |date=22 Feb 2024 |title=Revealed: The Shocking Tweets of GB News Co-owner Sir Paul Marshall |url=https://hopenothate.org.uk/2024/02/22/revealed-the-shocking-tweets-of-gb-news-co-owner-sir-paul-marshall/ |access-date= |website=Hope not Hate}}

Alan Rusbridger, former editor of The Guardian, said these "hateful 'likes' make him unfit to be a media mogul".{{Cite web |last=Tomlinson |first=Heather |date=2024-02-29 |title=The Christian faith of billionaire media mogul Sir Paul Marshall |url=https://www.premierchristianity.com/news-analysis/the-christian-faith-of-billionaire-media-mogul-sir-paul-marshall/17299.article |archive-url=https://web.archive.org/web/20240310230651/https://www.premierchristianity.com/news-analysis/the-christian-faith-of-billionaire-media-mogul-sir-paul-marshall/17299.article |archive-date=2024-03-10 |access-date= |website=Premier Christianity |language=en}} Ark Schools defended him in a statement after he was criticised by local Labour MP Sam Tarry, {{Cite web |date=2024-02-26 |title=Ark stands by chair Marshall over social media activity |url=https://schoolsweek.co.uk/ark-stands-by-trustee-sir-paul-marshall-over-social-media-activity/ |access-date= |website=Schools Week |language=en-GB}} though he later resigned as chair and trustee of Ark.{{Cite web |last=Norden |first=Jasmine |date=2024-04-15 |title=Sir Paul Marshall steps down as Ark Schools chair |url=https://www.tes.com/magazine/news/general/sir-paul-marshall-steps-down-ark-schools-chair |archive-url=https://archive.today/20240914212149/https://www.tes.com/magazine/news/general/sir-paul-marshall-steps-down-ark-schools-chair |archive-date=2024-09-14 |access-date=2025-03-10 |website=TES |language=en}} A spokesperson for Marshall responded that "This sample [of tweets] does not represent his views". Every tweet and almost 300 likes were subsequently removed from his Twitter account. Premier Christianity magazine quoted a friend who said that Marshall is "very repentant".

According to the Sunday Times Giving List in 2020, Marshall donated £106.8 million to charitable causes in 2019.{{Cite news |last=Griffiths |first=Alastair McCall and Sian |title=Sunday Times Giving List 2020: Stormzy breaks new ground |url=https://www.thetimes.com/sunday-times-rich-list/article/stormzy-cambridge-sunday-times-giving-list-2020-cxf5jzj7d |access-date=9 October 2020 |newspaper=The Times |language=en |issn=0140-0460}} In the 2023 iteration of the Sunday Times Giving List, Marshall was listed as the fourth-highest donor, donating 8.36% of his wealth.{{Cite news |last=Rodrigues |first=Nick |date=2024-04-05 |title=He donates £2.1 million a day. Meet the UK's most generous man |newspaper=The Times |url=https://www.thetimes.com/uk/politics/article/chris-hohn-rishi-sunak-uk-hedge-funder-sunday-times-rich-list-m8khbl5sn |access-date=2024-04-05 |language=en |issn=0140-0460}}

Marshall was the founder, and chairs the board of trustees of the independent research institute the Education Policy Institute (EPI). For more than a decade he also chaired EPI's predecessor think tank, CentreForum."£1 million boost for Lib Dem think tank" – The Times, 28 June 2005

He is a founding trustee of children's charity ARK, and former chairman of Ark Schools, which is one of Britain's leading providers of academies and has also played a role in developing new programmes for inner city education.[https://www.standard.co.uk/news/hedge-fund-star-my-plan-to-turn-round-london-schools-6574459.html Hedge fund star: My plan to turn round London schools] Evening Standard. 7 March 2011. Retrieved 12 July 2012 Other initiatives spun out of ARK include Future Leaders, Teaching Leaders, Maths Mastery, English Mastery, Science Mastery, Frontline and Now Teach. He is also a founding trustee of the charity Every Child a Chance.{{EW charity|1122108|Every Child a Chance Trust}}

In April 2024, he stood down as chair and trustee of Ark Schools to focus on "other philanthropic and business commitments" after being accused of liking and sharing far-right extremist social media posts and conspiracy theories.{{cite web | url=https://schoolsweek.co.uk/sir-paul-marshall-steps-down-from-ark-schools-board/ | title=Sir Paul Marshall steps down from Ark Schools board | date=15 April 2024 }}{{Cite web |title=Sir Paul Marshall steps down as Ark Schools chair |url=https://www.tes.com/magazine/news/general/sir-paul-marshall-steps-down-ark-schools-chair |access-date=2024-04-19 |website=www.tes.com |language=en}} However, Ark Schools said he had "indicated earlier in the year his intention to step down from the Ark Schools Board".{{cite news |title=Tina Alexandrou appointed as Chair of Ark Schools |url=https://arkonline.org/news/tina-alexandrou-appointed-chair-ark-schools |access-date=8 May 2024 |date=15 April 2024}} He has remained a trustee of ARK.{{cite web |title=Absolute Return for Kids (ARK) |url=https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/3996816/trustees |website=Charity Commission for England and Wales |access-date=8 May 2024}}

Marshall has also been a major supporter of Ralston College in Savannah, Georgia, which launched in 2022.{{Cite web |last=Graystone |first=Andrew |title=The Marshall Plan |url=https://www.prospectmagazine.co.uk/ideas/media/65415/the-marshall-plan-paul-marshall-gb-news |access-date=2025-03-21 |website=www.prospectmagazine.co.uk |language=en}}

In April 2015, it was announced that Marshall would donate £30 million to the London School of Economics to establish the Marshall Institute for Philanthropy and Social Entrepreneurship, alongside Sir Thomas Hughes-Hallett.{{cite web|title=LSE announces The Marshall Institute for Philanthropy and Social Entrepreneurship|url=http://www.lse.ac.uk/newsAndMedia/news/archives/2015/04/MarshallInstitute.aspx|website=LSE|accessdate=27 April 2015|archive-date=29 April 2015|archive-url=https://web.archive.org/web/20150429190902/http://www.lse.ac.uk/newsAndMedia/news/archives/2015/04/MarshallInstitute.aspx|url-status=dead}} Marshall and Hughes-Hallett had previously collaborated on the Philanthropy Review, where they identified a lack of comprehensive research into the efficacy of private contributions to public welfare.{{Cite web |title=Founders |url=https://www.lse.ac.uk/marshall-institute/about-us/founders.aspx |access-date=2024-04-05 |website=London School of Economics and Political Science |language=en-GB}} Their vision was to create a "world-class centre of teaching" to fill that gap by advancing research into enhancing philanthropic impact, studying how charities can be more effective, and nurturing the next generation of philanthropic experts.[https://www.ft.com/content/396018a2-ea71-11e4-96ec-00144feab7de Social entrepreneurship institute to open in London] Financial Times, 25 April 2015

In 2017, the Marshall Institute launched an MSc in Social Business and Entrepreneurship.{{Cite web |date=November 3, 2021 |title=Hedge fund tycoon Paul Marshall pledges GBP50 million for LSE social impact initiative |url=https://www.hedgeweek.com/hedge-fund-tycoon-paul-marshall-pledges-gbp50-million-lse-social-impact/ |access-date=April 5, 2024 |website=Hedgeweek}}

In 2021, Marshall donated an additional £50 million to the Marshall Institute to establish the Marshall Impact Accelerator to "provide a new platform for scaling promising social ventures to help tackle global challenges."{{Cite web |last=May |first=Melanie |date=2021-11-03 |title=LSE's Marshall Institute to launch £50m social impact accelerator |url=https://fundraising.co.uk/2021/11/03/lses-marshall-institute-to-launch-50m-social-impact-accelerator/ |access-date=2024-04-05 |website=UK Fundraising |language=en}}

Marshall has written widely about education. In 2012, he edited a book on improving the education system called The Tail: how England's schools fail one child in five – and what can be done. Contributors included Labour MP Frank Field, Professor Chris Husbands of the Institute of Education and Stephen Machin of the London School of Economics. He is also co-author of Aiming Higher: a better future for England's schools with Jennifer Moses (2006), and author of Tackling Educational Inequality (with Sumi Rabindrakumar and Lucy Wilkins, 2007).[https://web.archive.org/web/20100722063741/http://www.centreforum.org/index.php?option=com_content&view=article&id=78:tackling-educational-inequality&catid=38:publications&Itemid=56 Tackling educational inequality]. CentreForum.org. Retrieved on 28 April 2012.

Marshall's other publications include: The Market Failures Review (Editor – 1999), Britain After Blair (co-editor with Julian Astle, David Laws, Alasdair Murray) and Football and the Big Society (with Sam Tomlin, 2011).

In 2020 he published 10½ Lessons from Experience: Perspectives on Fund Management,{{cite book |last1=Marshall |first1=Paul |title=10½ Lessons from Experience: Perspectives on Fund Management |date=2020 |publisher=Profile Editions |edition=Mainition |url=https://www.amazon.co.uk/10%C2%BD-Lessons-Experience-Perspectives-Management-ebook/dp/B085JXD811 |language=English}} a personal reflection on lessons learned from a career in fund management. The Times described the book as "a bit of a gem"{{cite news |last1=Hosking |first1=Patrick |title='Buffett isn't Sharpe enough for City job' |url=https://www.thetimes.com/business-money/markets/article/buffett-isnt-sharpe-enough-for-city-job-x26t9cktq |access-date=3 August 2020 |work=The Times |language=en}} and a Bloomberg review welcomed its examination of cognitive bias, the use of data and systematic strategies by successful fund managers.{{cite news|last1=Gilbert|first1=Mark|date=16 July 2020|title=Hedge Fund Titan Sees a Quantamental Future|work=Bloomberg.com|url=https://www.bloomberg.com/opinion/articles/2020-07-16/hedge-fund-titan-paul-marshall-s-new-book-sees-quant-future|accessdate=3 August 2020}} Marshall wrote, "Machines have not won yet. Machines typically do not fare well in a crisis. They are not good at responding to a new paradigm until the rules of the new paradigm are plugged into them by a human."

Marshall is married to Sabina de Balkany, a French national, who owns an antique shop on the King's Road in Chelsea.{{Cite news |last=Turvill |first=William |date=2024-02-19 |title=City grandee out to gatecrash The Spectator's party |newspaper=The Times |url=https://www.thetimes.com/uk/media/article/city-grandee-out-to-gatecrash-the-spectators-party-rz30kh30n |access-date=2024-02-19 |language=en |issn=0140-0460}} Marshall is father of former Mumford & Sons band member Winston Marshall and musician Giovanna Marshall.{{cite web|url=http://www.m-magazine.co.uk/features/interviews/m-meets-giovanna/|title=M meets... Giovanna|author=|date=29 November 2011|website=m-magazine.co.uk|accessdate=29 January 2018}}

He describes himself as a "committed Church of England Christian".{{Cite news |last=Waterson |first=Jim |last2= |first2= |date=2024-05-14 |title=How faith drives bidder for Telegraph who wields growing influence on Tories |url=https://www.theguardian.com/politics/article/2024/may/14/paul-marshall-religion-bidder-for-telegraph-influence-tories |access-date=2024-05-15 |work=The Guardian |language=en-GB |issn=0261-3077}} The Church Times describes him as "a key figure in Conservative Christian circles in the UK".{{Cite web |title=Millionaire church financier deletes right-wing posts |url=https://www.churchtimes.co.uk/articles/2024/1-march/news/uk/millionaire-church-financier-deletes-right-wing-posts |archive-url=https://archive.today/20240226083304/https://www.churchtimes.co.uk/articles/2024/1-march/news/uk/millionaire-church-financier-deletes-right-wing-posts |archive-date=2024-02-26 |access-date=2024-03-13 |website=Church Times}} He was a founding member and donor of the St Mellitus College, and sits on the board of St Paul's Theological Centre. Through the Sequioa Trust, Marshall has given at least £10 million to the Church Revitalisation Trust. A source inside the CRT described it as "promoting an evangelical agenda to the masses", and as an "antidote" to the "liberal wokery" of the Church of England.{{Cite news |last=Geoghegan |first=Peter |date=2025-03-06 |title=Making Media Great Again |url=https://www.lrb.co.uk/the-paper/v47/n04/peter-geoghegan/making-media-great-again |access-date=2025-03-10 |work=London Review of Books |language=en |volume=47 |issue=04 |issn=0260-9592}}

He describes himself as a classical liberal.{{Cite news |title=Meet one of Britain’s most influential, least understood people |url=https://www.economist.com/britain/2024/10/28/meet-one-of-britains-most-influential-least-understood-people |archive-url=https://archive.today/20241030143236/https://www.economist.com/britain/2024/10/28/meet-one-of-britains-most-influential-least-understood-people |archive-date=2024-10-30 |access-date=2025-03-10 |work=The Economist }}{{Cite web |last=Marshall |first=Paul |date=2021-12-30 |title=Progressives have sacrificed liberalism |url=https://unherd.com/2021/12/progressives-have-sacrificed-liberalism/ |access-date=2025-03-10 |website=UnHerd |language=en-GB}} The Financial Times described his ownership of GB News and creation of the ARC Conference as a turn towards right-wing politics, and said that Marshall's politics had been "called into question" by his liking and retweeting of far-right content on Twitter.{{Cite web |date=9 Mar 2024 |title=Paul Marshall, the financier turned media baron bankrolling GB News |url=https://www.ft.com/content/7740464a-c4c2-4359-9624-9d27cf81c867 |archive-url=https://archive.today/20240309171751/https://www.ft.com/content/7740464a-c4c2-4359-9624-9d27cf81c867 |archive-date=9 March 2024 |access-date=2024-03-13 |website=Financial Times}}

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Category:1959 births

Category:Living people

Paul Marshall

Category:People educated at Merchant Taylors' School, Northwood

Category:Alumni of St John's College, Oxford

Category:INSEAD alumni

Category:British company founders

Category:British Eurosceptics

Category:British hedge fund managers

Category:British philanthropists

Category:Businesspeople from the London Borough of Ealing

Category:Knights Bachelor

Category:Liberal Democrats (UK) people

Category:Conservative Party (UK) donors

Category:People from Ealing