The latest technology news in the wealth management sector from around the world.

Private markets investment house Hamilton Lane, which is listed in New York and oversaw about $488 billion of assets as of the end of last year, has implemented the technology solutions of Canoe Intelligence, it said yesterday.

Hamilton Lane, which invested in Canoe’s series A funding round in February this year, will use Canoe’s technology to automate data management tasks and accelerate access to new elements within alternative investment reports. 

Canoe says that its technology can rapidly convert volumes of unstructured alternative investment reporting documents into normalized, accessible datasets and track and organize associated documents. Canoe’s AI-driven platform was developed in 2013 for Portage Partners, a private investment firm, and is now used by institutional investors, service providers, family offices, and other allocators.