Addepar acquires AltX to expand in alternatives

Addepar, a New York-based investment management platform for advisers and their clients, has acquired AltX, a San Francisco-based intelligence platform for alternative investments.

Using machine-learning technology, which enables computers to learn without being specifically programmed for a task, AltX enriches alternative investment data by incorporating related reference data, public filings and news on more than 17,000 funds.

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