Icap, a UK-based financial markets dealer, broker and provider of post trade services, has made a strategic investment in Enso Financial Management (EFM), an early-stage firm providing hedge funds and asset managers with portfolio reporting and data analytics services. The investment has been made through Euclid Opportunities, Icap’s majority-owned corporate funding vehicle for financing early-stage technology companies.
EFM will use the funding to develop products and expand geographically.
Mark Beeston, chief executive officer of portfolio risk services at Icap, said: “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.”
Michael Gentile, EFM partner, said: “Icap has a strong track record in investing in and developing businesses, particularly those that enable its customers to reduce costs and risk. Our mutual recognition that investors can benefit from improved transparency, speed of execution and a…
