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HSBC-Backed Quantifeed Acquires UK Fintech Startup Alpima

  • Combined firm’s software manages over $20 billion of assets
  • Firm to offer services across portfolio management spectrum
Updated on

Quantifeed, a Hong Kong-based fintech firm backed by HSBC Holdings Plc’s asset management arm, has acquired UK peer Alpima in a move that boosts its global footprint and product offerings.

The newly-formed business will provide services across the full portfolio management spectrum, including construction, personalization, visualization, risk analytics order management and trading, among other solutions, according to a statement on Tuesday confirming an earlier Bloomberg News report. The transaction would create a platform used to manage more than $20 billion worth of assets, people familiar with the matter have said.