28 August 2014

Icap invests in portfolio reporting and data analytics firm EFM

20 June 2013  |  3789 views  |  0 cash

Interdealer broker Icap has made a strategic investment in Enso Financial Management (EFM), an early-stage provider of portfolio reporting and data analytics services to hedge funds and asset managers.

Financial terms of the investment - made through Icap's fintech incubation vehicle, Euclid Opportunities - were not revealed. Steve Gibson, Euclid Opportunities MD, will join the EFM board.

New York-based EFM reports on more than $100 billion in global assets under management, offering a suite of tools designed to put multi-prime hedge funds and asset managers in a better position to monitor both structural and variable costs while strengthening broker relationships.

The firm claims that demand for its services has increased significantly as buy side firms using multiple prime brokers, custodians and swap dealers increasingly require flexible reporting and analytics platforms. It will now use the Icap funding for product innovation and to expand geographically.

Mark Beeston, CEO, portfolio risk services, Icap, says: "EFM have clearly demonstrated their advanced portfolio analytics deliver the transparency and operational insight increasingly required by buy side participants. EFM's technology is a strong fit for ICAP and will complement our suite of services to help our customers drive the efficiencies demanded in today's trading environment."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related stories

14 January, 2013
04 December, 2012
18 January, 2012
09 March, 2011

Related company news

 

Featured job

Competitive base, bonus, full benefits
Boston, MA (USA)

Find your next job