Hedge fund cloud services specialist Liquid Holdings Group is to be among the first group of approved service providers included in the FIS Group Ecosystem.
FIS Group created the Ecosystem to assist talented entrepreneurial portfolio managers in the formation and strengthening of new asset management firms.
Funded entirely by revenue generated from FIS Group's core business and provided at no cost to the managers, the Ecosystem leverages FIS Group's relationships in the market place to negotiate discounts from shared service vendors and facilitate introductions to potential capital providers.
As one of the initial group of 17 select service providers in the Ecosystem, the Liquid platform will be offered as an option to emerging investment managers looking to institutionalise their business while meeting increased investor demands for transparency. Thus far, FIS has opened the Ecosystem platform to managers approved on their buy list as well as to managers currently in their due diligence pipeline.
"We are thrilled to partner with Liquid Holdings, who shares our commitment to making it possible for talented entrepreneurs to overcome the cost constraints typically associated with the investment management industry," says Tina Byles Williams, CEO of FIS Group.
"We are very impressed with and excited to participate in this initiative, empowering emerging investment managers to build successful, long-term businesses," says Brian Storms, CEO of Liquid. "We look forward to working with FIS to get new managers activated on our platform so they can focus on generating alpha and raising capital through a smarter infrastructure."