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    HUDL ME   NO0010859648


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Quantitative investment manager Aledius is live with Huddlestock Fintech's (OSE: HUDL) Bedrock platform.

09/02/2021 | 06:18am EDT

Stavanger, NORWAY - 2 September 2021

Quantitative investment manager Aledius GmbH is now live with clients onboarded
and will be making their first trade imminently.

The German quantitative investment strategy provider Aledius is live with
Huddlestock Fintech's (OSE: HUDL) wealth tech SaaS solution, Bedrock.  Having
successfully completed the integration of Aledius investment processes (and
quantitative screening) within Huddlestock's core wealth tech trading and client
interface solution, Aledius have successfully onboarded their first clients to
their quantitative driven macro strategy and commencement of trading is

In choosing Huddlestock's Bedrock solution for the wealth management industry,
Aledius has been able to offer their clients a seamless and technologically
advanced onboarding experience.  In Germany, Huddlestock's APIs are connected to
PostIdent for KYC identification.  

"Aledius is an innovative fund in fast growth.  It is led by an experienced and
ambitious management team that has developed exciting proprietary technologies
within artificial intelligence.  Aledius has strong support and commitments from
many of Germany's leading Family Offices and are in the process of onboarding
several more prominent clients on to their Huddlestock platform with their
quantitative investment programs. Our cooperation confirms Huddlestock's
holistic approach and quality SaaS solutions for our clients.  Germany is a key
market for Huddlestock and we see fantastic opportunities to grow both our
client base of wealth and asset managers, as well as opening up our network to
new partnerships," says John Skajem, CEO of Huddlestock. 

While we understand that a first trade for Aledius macro strategy is imminent,
Huddlestock as providers of technology solutions for the wealth management
industry, supports the independence of Aledius as to the exact timing of such a
trade/trading.   Aledius is hosted under Huddlestock Fintech's regulatory
umbrella, and funds have been deposited successfully with Aledius choice of
custody banking partner, Baader Bank.  

"Huddlestock's strategy of partnerships and its regulatory home, offers Aledius
an excellent opportunity to further develop our quantitative investment
universe, and to showcase it to a broader audience.  Through our cooperation
with Huddlestock Systems GmbH, we will reach a broader target group and open new
layers of clients," says Alexander Brehm, CEO of Aledius. 

Aledius combines classic fundamental business analysis and technical analysis
with modern mathematical and statistical methods to identify and implement
attractive investments. Through its exclusively quantitative investment
approach, that combines artificial intelligence and technical analysis with mood
and news analysis, the company's aims to minimize risk and achieve long-term
positive alpha.  Since inception, Aledius quantitative portfolio strategies have
delivered superior returns to investors.  The two founders of Aledius, Alexander
Brehm and Benedikt Sturm, regard this step as an important milestone on the way
to the ranks of quantitative investment companies in Germany.   

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act. 

For questions, please contact investor relations.

To see all press and investor releases please have a look in the investor
relations section of our corporate website


John E. Skajem, CEO, +47 418 87 412, jes@huddlestock.com 
Cecilia Luras, Director of Strategy & IR, +44 75 0090 5131, col@huddlestock.com 

About Huddlestock Fintech:
Huddlestock Fintech AS was listed on Euronext Growth Market 26 November 2020, as
Norway's first fintech company to be publicly traded. Huddlestock Fintech is a
company that develops and implements unique software as a service-solutions for
digitizing work processes for custody banks, asset managers and trading venues. 

The open, compliance-optimized and data centric wealthtech platform allows our
customers to offer a differentiated real-time product that reduces cost and
increases efficiency. Huddlestock Fintech's technology enables end-to-end
digital services such as onboarding, client communication, reporting, order
execution and portfolio management, all executed on the same platform. 

Huddlestock has developed two technology solutions, Apex (Custody) and Bedrock
(Connectivity). Apex is a software as a service-solution that links custody
services with asset managers and individual investors. Bedrock provides a white
label solution that is primarily a product for financial services firms wanting
to add low cost-efficient trading and investing services to their client web and
app offerings.  

Through its world-class expert consultancy Visigon, Huddlestock delivers
strategic technology solutions and process automation for the financial services
industry. Founded in 2003, Visigon has grown into becoming the preferred
supplier of financial consultancy services and technology providers in the
Nordic region.  Visigon became part of the Huddlestock Fintech family in 2021.

Huddlestock Fintech has offices in Oslo, Stavanger, Copenhagen, Stockholm,
Munich, Paris and Kuala Lumpur.

For more information, please visit www.huddlestock.com and www.visigon.com.

The information included in this announcement is defined as inside information
pursuant to the EU Market Abuse Regulation article 7 and is publicly disclosed
in accordance with MAR article 17.  
The announcement is made by the contact persons set out above.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Sales 2021 23,0 M 2,75 M 2,75 M
Net income 2021 -4,00 M -0,48 M -0,48 M
Net cash 2021 60,0 M 7,18 M 7,18 M
P/E ratio 2021 -106x
Yield 2021 -
Capitalization 379 M 45,3 M 45,4 M
EV / Sales 2021 13,9x
EV / Sales 2022 3,92x
Nbr of Employees -
Free-Float 58,6%
Duration : Period :
Huddlestock Fintech AS Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 3,18 NOK
Average target price 8,00 NOK
Spread / Average Target 152%
EPS Revisions
Managers and Directors
John Egil Skajem Chief Executive Officer
Oyvind Hovland Chairman
Murshid Mikael Ali Director
Per Øyvind Berge Director
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