20 February 2017
Visit dh.com

Icap invests in portfolio reporting and data analytics firm EFM

20 June 2013  |  4773 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)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Icap sells Traiana stake to banks

Icap sells Traiana stake to banks

14 January 2013  |  5032 views  |  0 comments | 2 linkedin
Icap makes investment in Model Two Zero

Icap makes investment in Model Two Zero

04 December 2012  |  4528 views  |  0 comments | 1 tweets | 1 linkedin
Icap's fintech incubation vehicle invests in Model Two Zero

Icap's fintech incubation vehicle invests in Model Two Zero

18 January 2012  |  7482 views  |  0 comments
Icap launches fintech incubation vehicle

Icap launches fintech incubation vehicle

09 March 2011  |  7996 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.com visit dh.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
15385 views 11 comments | 50 tweets | 84 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
10159 views comments | 21 tweets | 18 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
9721 views comments | 49 tweets | 56 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
9001 views comments | 16 tweets | 11 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
7840 views comments | 16 tweets | 12 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job