Allfunds to acquire Fundinfo's fund research business from Fundinfo.

Allfunds, Europe's fund platform, completed the acquisition of fund research business from Fundinfo, an international provider for managing and disseminating fund information with a network of fund distributors such as global banks, IFAs and fund platforms. Financial terms were not disclosed. “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," Juan Alcaraz, Allfunds CEO.