Meru Global Technologies Lands at Louisiana State University's Innovation Park
APR 30, 2018
A finance startup founded last year by an LSU graduate has landed at LSU Innovation Park.
Philip Capone founded Meru Global in New York City last November and moved into the incubator Friday. He plans to spend the coming months raising money and hopes to begin hiring this year.
Meru provides research services, historically done in-house at asset management firms, for clients including corporations, investment professionals and asset managers. Capone said he currently has five clients. He also provides distribution support and payment management services for researchers and research firms.
Capone said he saw the opportunity for the business model at a time of tumult for the investment management industry, which is facing regulatory headwinds and automation of many research functions.
“I’m firmly of the opinion there’s a strong role for humans in the mix,” Capone said.
Capone graduated with a finance degree from LSU in 2007, and is relocating to Baton Rouge. He plans to work with faculty and graduates at LSU.
“Meru Global Technologies is a great addition to the companies being developed at the LSU Innovation Park,” said Charlie D’Agostino, executive director of Innovation Park. “The strengths of LSU in data analytics and financial modeling will add strength to Meru by supplying interns and qualified graduates.”