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In Chicago, a 10-year-old creates care packages that include everything from food to socks and toiletries for the homeless. Then there’s the young man who, looking to address the problem of sour candy that disappoints, becomes an online influencer who builds a business around his own candy line.
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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.
HSBC-Backed Quantifeed Acquires UK Fintech Startup Alpima – Bloomberg
