Ex-Credit Suisse banker’s firm buys HK research house

Aletheia Capital, founded by Ali Naqvi, has bought Richard Wallace’s IND-X Advisors as it seeks to build scale and provide investment ideas to fund managers in a post-MiFID II world.

Aletheia Capital is buying Richard Wallace’s IND-X Advisors as the research upstart doubles down on its efforts to build scale and provide investment ideas to fund managers in a post-MiFID II world.

Co-founded just last month by former Credit Suisse banker Ali Naqvi, the deal marks Aletheia Capital's second acquisition following the purchase of Jim Walker’s Asianomics.

Naqvi and his co-founder Prashant Gokhale, another former Credit Suisse executive, changes in the global regulatory environment led by MiFID II have opened a unique opportunity to build independent firms in a very competitive sector.

For the first time ever in this...
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