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:…