Prime Broker, Administrator Concept Sells Research Group

Oct 28 2010 | 4:08am ET

Institutional brokerage and hedge fund service provider Concept Capital is selling it research division to MF Global Holdings, the Man Group’s former futures brokerage arm.

Garden City, N.Y.-based Concept agreed to sell the Washington Research Group to MF Global, which spun off from Man in 2007. Terms of the deal were not disclosed.

“We believe that the purchase of the Washington Research Group by MF Global Holdings Ltd. will best assure the future and growth of this successful policy research company,” said Robert Moore, senior managing director at Concept Capital. “Concept Capital remains focused and dedicated to the hedge fund services business, capital markets, portfolio analytics, risk management, and fund administration segments of our business.”

Washington Research is based in Washington, D.C.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note