Wealth manager Scalable Capital has doubled its assets under management in the past quarter to reach €200m ($213m). The fund is now one of Europe's biggest and most successful hedge funds, with a portfolio worth more than $US1 billion ($1.3bn). In January 2017, the Fintech start-up began a collaboration with Siemens Private Finance which selected Scalable Capital as its exclusive partner to offer a wealth management solution to Siemens employees in Germany. The firm was launched in mid-2016, and joined Siemens Private Finance as an exclusive wealth management provider for the firm's German employees in January 2017.
Wealth manager Scalable Capital has doubled its assets under management in the past quarter to reach €200m ($213m). The fund is now one of Europe's biggest and most successful hedge funds, with a portfolio worth more than $US1 billion ($1.3bn). The firm was launched in mid-2016, and joined Siemens Private Finance as an exclusive wealth management provider for the firm's German employees in January 2017.