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AltX adds Cowen Group to team of strategic investors

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Cowen Group is to join AltX’s team of strategic investors.

Cowen joins other lead investors of AltX including Wells Fargo & Company, Control Empresarial de Capitales, controlled by Carlos Slim, David Bonderman, founding partner of TPG Capital, Andy Redleaf, CEO of Whitebox and Jeff Ubben, founder of Value Act Capital, as well as other prominent global investors.
 
AltX, founded in 2012, is an intelligence platform for the alternatives market, combining science, technology, relational and behavioural data, along with traditional financial analytics and regulatory data, all in one platform. Analytics, proprietary algorithms, big data, real time news and relationship mapping help both investors and funds identify more compatible investment relationships and opportunities. The triangulated data provides superior manager and market insights that are aimed at enabling users to make smarter investment decisions and improves processes affecting a more efficient and lower cost method for discovering, evaluating and investing in the alternatives space.
 
Jeffrey M Solomon, President of Cowen Group, says: “We are excited to join AltX’s group of strategic investors. As an organisation with operating businesses in alternative investment management and investment banking, we have a deep understanding of the needs of the different constituents within the investment community. With clients at the forefront of everything we do, this partnership is a unique opportunity to provide our managers, and ultimately our clients, with a best-in-class intelligence and insights platform.”
 
“AltX is very excited to have Cowen as a strategic investor,” says John Bohan, Head of Corporate Development for AltX. “Cowen is dedicated to enabling outperformance and we are thankful to have some of the most successful and sophisticated investors and firms in the world as part of our company as we aim to increase the footprint of the technology revolution within the financial sector. Our investors' involvement continues to support our mission of introducing a new digital intelligence for institutional and wealth management clients across the investment management industry.”
 
Sam Hocking (pictured), CEO of AltX, says: “AltX will continue to grow and meet demand for insights across the alternatives market as both users and investors alike look for technologies that enable simple and convenient access to aggregated and synthesized intelligence. We believe smarter and more accessible data will become even more vital and integral to the investing process.”
 

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