Icap Buys Out Hedge Fund Analytics Provider ENSO
The acquisition follows two prior investments in ENSO by Icap since 2013.
Once the deal is complete, ENSO, which provides a data analytics platform for hedge funds and prime brokers, will become a subsidiary of Icap's Post Trade Risk and Information (PTRI) division.
ENSO founders Matthew Bernard, Michael Gentile, and Dwaine Alleyne will continue with their roles at ENSO, but will report to PTRI chief executive Jenny Knott.
The acquisition was led by Euclid Opportunities, Icap's early-stage investment incubator, which made its first investment in ENSO in June 2013
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