Hazeltree acquires prime broker data firm ENSO Financial Analytics

ENSO's prime broker and hedge fund analytics suite will become an "integral part" of Hazeltree's treasury and portfolio solutions product suite. 

By Joe Parsons

Hazeltree has acquired ENSO Financial Analytics, a provider of portfolio analytics tools for prime brokers and hedge funds, while at the same time gaining an investment from IHS Markit.

ENSO, formerly owned by CME Group, will become an “integral part” of Hazeltree’s product suite, the firm stated, and its prime brokerage, asset management, technology and data specialists will become integrated with Hazeltree’s treasury and portfolio finance solutions teams.

“This combination will create significant synergies for our global client base,” said Paul Busby, global head of ENSO. “Together, our teams will continue to deliver industry-leading technology to help drive continued innovation of our portfolio finance, treasury, and data solutions.”

The acquisition will also create a joint global treasury management solution, which has become a key area of modernisation for hedge funds/

The investment from IHS Markit will also help evolve the joint offering for the data giant’s own network of buy-side and sell-side clients.

“Our investment is a way to help align our solutions to serve the evolving needs of our customers while also establishing a foundation for potential further integration and partnerships in the future,” added Pierre Khemdoudi, global co-head of equities data & analytics, IHS Markit.