Tourmaline Partners, a Stamford, Connecticut-based outsourced trading services provider, received a majority investment from Copley Equity Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to pursue new technologies and grow into new geographies and asset classes.
Founded in 2011 and led by Aaron Hantman, CEO, Tourmaline Partners is an outsourced trading solutions firm, providing services to hedge funds and asset managers of all sizes, pairing clients’ trading needs with expertise. Through continuous investment in technology and human capital, a singular focus on trading, and non-competitive relationships with 400+ global brokers, the company provides clients with access to liquidity, market intelligence and customized workflows for defining, measuring and achieving best execution.
The company has additional offices in London and Sydney.