fundinfo, a fund information and research platform, is joining forces with the Luxembourg-based fund data management expert, F2C.
The deal will see F2C become a part of the fundinfo Group, creating a one stop shop for asset managers with a single offering for all their fund data management, publication and dissemination needs. This will allow asset managers to consolidate their vendor relationships and streamline data processes to reduce complexity, improve transparency and enable automated regulatory reporting under MiFID II and PRIIPS.
Since its launch in 2005, fundinfo has become a leading provider of services for asset managers in Europe and Asia. It hosts the world’s largest library of fund documents and provides fund groups with a range of services for publishing and disseminating fund information, together with analytical tools that track investor trends and help asset owners select suitable funds for their clients.
F2C, which also launched in 2005, provides asset managers with a state-of-the-art fund data management platform, Publifund, in combination with a premium data management service. Its strong reputation for quality has made it a popular choice among asset managers for over a decade and it became the first provider to be granted with two quality certifications by fundinfo. F2C’s high-end data management, documents and report generation, registration and notification capabilities perfectly complement the superior publication, dissemination, analytics and research services offered by fundinfo, creating a compelling offering for asset managers.
Philipp Portmann (pictured), Chief Executive of fundinfo, says: “Asset managers continue to favour outsourcing but are keen to keep things simple post MiFID II. They want to reduce the number of external service providers they use and have a “golden copy”, single source of data to reduce complexity and improve both transparency and reporting. Joining forces with F2C enables us to offer exactly this, strengthening our combined competitive positioning in the market. We are delighted that Laurent and his team have chosen to join us.”
Laurent Halbgewachs, Chief Executive of F2C, who will join the management board of the fundinfo Group said: “We have worked successfully with fundinfo for many years and there is a close cultural fit between our two organisations. We are excited at the opportunity to extend the value chain of fundinfo’s existing services, and to provide Publifund to a wider range of clients as part of the fundinfo Group.”
Sebastien Briens, Partner at Hg, a key investor in the fundinfo Group, says: “This deal is a major step in fundinfo Group’s ambition to become a leading global player in the fund information industry. Both companies share a culture of quality, accuracy and client service, combined with a focus on technological excellence. Bringing them together will enable the management team to leverage this expertise and adds an important foothold in Luxembourg to fundinfo Group’s international network.”
