According to Foresight News, Elwood Technologies, a crypto technology company under hedge fund manager Alan Howard, is in talks to sell some of its operations. This information was revealed by four informed sources. One of the sources stated that Elwood has reassessed its development roadmap and is now focusing on its existing portfolio management and risk management software-as-a-service business, reducing its focus on trading.
Elwood, headquartered in London, employs approximately 100 staff. The company's services include trade execution and portfolio management software. In May last year, it added risk management services such as risk exposure tracking and collateral monitoring. The move to sell some operations is seen as a strategic shift to concentrate on its core competencies.