Liquidnet has continued the expansion of its artificial intelligence (AI) investment analytics platform with the acquisition of Prattle, a provider of automated investment research solutions for portfolio managers, research analysts, and other financial professionals. Prattle has developed a proprietary Natural
eVestment, a specialist in institutional investor data and analytics, has acquired RedQuarry, the provider of a cloud-based investment research management solution. RedQuarry was founded in 2014 by Chris Tinsley and Jared Potter. Tinsley, Potter, co-CEO Patrick Adrian and the rest
State Street Corporation has completed its acquisition of Charles River Systems, (Charles River Development), a deal that enables a global interoperable platform connecting the front, middle and back office with one provider. This platform, supported by deep enterprise data
Following receipt of regulatory approval from the Commission de Surveillance du Secteur Financier (CSSF), Centaur has completed its purchase of Luxembourg Capital Partners SA and is now open for business in the Grand Duchy. Centaur’s Luxembourg office will focus on
An affiliate of LibreMax Capital (LibreMax), an asset management firm specialising in structured credit, is to acquire Trimaran Advisors, a US-based investment manager with expertise in managing collateralised loan obligations (CLOs), from KCAP Financial (KCAP). Trimaran currently manages six CLOs
Northern Trust is to acquire BEx, a provider of foreign exchange (FX) software solutions, to drive innovation and growth in its Global Foreign Exchange business. The acquisition will give Northern Trust ownership of a platform providing algorithmic FX trading, global
ZEDRA Group, a specialist in Trust, Corporate and Fund Services has acquired LJ Fiduciary, from investment firm Alvarium. LJ Fiduciary will be rebranded and merged into the existing ZEDRA network. The deal is subject to local regulatory approval. LJ Fiduciary’s
Progressive Capital Partners (Progressive Capital), an independent Swiss investment boutique specialising in niche alternatives and managed futures strategies, is to acquire Vontobel Asset Management’s “Alternative Fund Solutions” unit. Further to an existing mandate and a fund solution, their current team of
Alpha FMC, a provider of specialist consultancy services to the Asset and Wealth Management industry has completed the acquisition of Obsidian Solutions Limited, a financial services cloud-based SaaS business in the United Kingdom. Obsidian brings a highly complementary suite of
Robert Quinn Consulting Limited (RQC) and Capricorn Fund Managers Limited (CFM) have strengthened their long-standing partnership with CFM taking a significant interest in RQC. RQC is a leading compliance consulting and advisory firm founded in 2007, with offices in London
