Markets Strategist Nordvig Sells Firm, Will Join Merged Entity

Financial markets veteran Jens Nordvig — a top-ranked currency strategist for much of his career — is selling Exante Data Inc. to research firm Vanda and will become president of the combined company, he said.

Nordvig in 2016 to track global money flows. He’s selling the firm to Vanda, a provider of positioning data and “tactical macro insights over a 0-3 month horizon” founded in 2012, according to its website. Nordvig also will join Vanda’s board of directors after the merger. Terms are not being disclosed.

Exante’s clients are among the largest institutional risk-takers globally in fixed-income, currency and commodities, according to Nordvig. Initial clients included US Treasury Secretary Scott Bessent, who at the time ran Key Square, a hedge fund he founded.

Nordvig founded Exante after a Wall Street career that included almost a decade at Goldman Sachs Group Inc., where he was co-head of global currency research, a brief stint at Bridgewater Associates and several years at Nomura Holdings Inc.

Financing for the acquisition is being provided by FPE Capital LLP, a UK private equity firm, and Santander UK Plc.