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November 11, 2020

Voya IM acquires G2 technology to boost equity investment business

Voya Investment Management (IM) has acquired the technology of G Squared Capital (G2) to boost its equity investment business.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
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by GlobalData
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The financial details of the transaction were not divulged.

Founded in 2011, G2 is based in London and focuses on delivering customised investment solutions. The company uses artificial intelligence to find persistent patterns in company and ESG data.

Voya IM Equities head Michael Pytosh said: “This transaction supports our focus on building best-in-class equity portfolios that meet our clients’ long-term investment needs.

“Further, our new EMI team has the knowledge base and tools to accelerate Voya’s efforts to incorporate environmental, social and governance (ESG) factors in our investment selection process.”

As agreed, Voya IM will also hire the founding team of G2, which includes Dr Gareth Shepherd, Gabriel Andraos and Yana Kramer, to form the new Equity Machine Intelligence (EMI) group within Voya IM’s Quantitative Equities business.

Based in London, the unit will continue to work on alternative approach to equity investing and offer new active equity and ESG-integrated solutions.

It will report to Voya IM head of Quantitative Equity Vincent Costa.

Costa stated: “This team is a great cultural fit and aligns with our long-term strategic objectives to continue to invest in our quantitative investment capabilities and bolster the data and analytics that underpin all of the investment strategies on the equity platform.

“Their technology, research and development advances our current platform, and brings advanced artificial intelligence and machine learning techniques, increasingly seen as the next frontier for asset managers.”

Voya IM is the asset management business of Voya Financial.

Following the transaction, the company’s quantitative team now manages around $24bn in assets and includes 13 investment professionals.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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