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.
Wealth manager Scalable Capital has doubled its assets under management in the past quarter to reach €200m ($213m). Scalable's assets are currently growing by over €1m per day, according to CEO Adam French. 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.