Allfunds has acquired fundinfo’s fund research business as part of a new strategic partnership between the two companies. It will also strengthen its data management by sourcing additional dynamic and regulatory fund data from fundinfo.
The purchase is part of Allfunds’ strategic plan to consolidate its position as a leading fund research provider for institutional investors. As part of the arrangement, fundinfo’s investment team will join Allfunds’ Zurich hub, with the aim of continuing its current business while bolstering Allfunds’ investment service proposition. The company hopes that fundinfo’s Zurich-based research business will further strengthen its fund research service offering. The move is also expected to benefit existing clients, who will benefit from day one of the agreement from an upgraded and enhanced service.
Alongside Allfunds’ acquisition of fundinfo’s Zurich-based research team, Allfunds will also source dynamic fund data and information from fundinfo. This will benefit Allfunds as fundinfo is an international provider for managing and disseminating fund information, and has a network of fund distributors such as global banks, IFAs and fund platforms.
Philipp Portmann, one of fundinfo’s co-founders, felt that the latest move would benefit its fund research clients while strengthening its relationship with Allfunds, allowing fundinfo to further develop its fund information sector.
He said: “We firmly believe that in Allfunds we have found an excellent solution for our fund research clients and our analyst team, and as we continue to grow in the fund information sector globally, with a strong focus on data, this transaction is a move that makes strategic sense. At the same time, we are looking forward to expanding our already successful and long-standing fund data relationship with Allfunds.”
Juan Alcaraz, CEO of Allfunds was also pleased with the agreement, and praised the quality of fundinfo’s services
He said: “The analyst team at fundinfo has an outstanding reputation in the industry. By acquiring a well-established research team, we will be able to expand our customised fund selection services. We have been working successfully with fundinfo in the procurement and processing of fund documents for some time now, and highly value this strategically important cooperation. Using fundinfo not just as a source of fund documents but also for a wide set of fund data is the next logical step.”
Allfunds is a B2B fund platform in Europe that provides banks and insurance companies with access to the international fund universe. It offers clients a range of services around the investment fund business and qualitative fund research is a strategic pillar in its offering. It has 26 investment specialists. Created in 2000, Allfunds has more than €380 billion assets under administration and offers over 78,000 funds from over 1,485 fund houses. It is part of Allfunds Group which has 625 institutional clients from 45 different countries.
fundinfo is an international platform for information and mandatory publications of investment funds. The service is available in Europe and Asia offers millions of fund documents, data, prices and ratings available on demand to clients. Headquartered in Zurich, Switzerland, fundinfo additionally has offices in Berlin, Frankfurt, Hong Kong, London, Madrid, Milan, Paris and Singapore.
