Markets operator and provider of post trade risk mitigation and information services, ICAP, has made a strategic investment in Enso Financial Management – an early-stage firm providing hedge funds and asset managers with portfolio reporting and data analytics services.
Based in New York, EFM reports on more than US$100 billion in global assets under management. The company will use the funding to drive continued product innovation and expand geographically to support its growing client base. Demand for services has increased significantly as buy side firms using multiple prime brokers, custodians and swap dealers increasingly require flexible reporting and analytics platforms.
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"EFM have clearly demonstrated their advanced portfolio analytics deliver the transparency and operational insight increasingly required by buy side participants," said Mark Beeston, CEO of Portfolio Risk Services at ICAP.
"While clients are diversifying their risks and strategy opportunities with multiple counterparties, we empower them with daily, profitable information." said Matthew Bernard, partner at EFM.
Steve Gibson, managing director of Euclid Opportunities, will join the Board of EFM.
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