HSBC-Backed Quantifeed Acquires UK Fintech Startup Alpima – Bloomberg

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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.

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