FE Fundinfo Acquires Danish Company FundConnect

FE Fundinfo, a leading provider of global fund data and technology, announced today that it has acquired FundConnect, a Denmark-based fund data and technology company.

According to an official announcement, FE Fundinfo aims to expand its international presence through the acquisition of FundConnect.

Founded in 2000, the Danish company collects and distributes fund data across Europe specializing in advanced data collection, data distribution, web solutions and fund document production (for marketing and regulatory purposes).

In addition to a wide range of services, FundConnect, in collaboration with the Danish Investment Association jointly owns FundCollect, which serves the entire mutual fund industry of Denmark.

Commenting on the recent acquisition announcement, Carsten Mahler, CEO at FundConnect, said: “We’re delighted to be joining the FE fundinfo family and play an active part in the business’ vision to create a Pan-European fund data and technology champion. This transaction enables us to offer a broader and deeper fund data universe to our clients and continue to drive the agenda for standardization and efficiency in the collection and distribution of fund data.”

Despite the latest economic impact of the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term pandemic, the financial services industry, including mutual funds and hedge funds has grown significantly in Europe in the last few months. FE Fundinfo also highlighted its rapid growth through the acquisition of Lichtenstein-based ESG specialists CSSP at the end of 2020 and the expansion of its team.

Growing Market

During the latest announcement, Hamish Purdey, Chief Executive at FE fundinfo, highlighted the importance of data and technology in the growing financial services industry. “The fund distribution landscape is becoming ever more global and the need for greater efficiencies for data Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term cross border is something FE fundinfo aims to facilitate through its leading fund data distribution services. We share a similar philosophy with FundConnect in aiming to improve standardization across the global fund data landscape and help our clients access and distribute their fund data and documents in a streamlined manner," Purdey said.