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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...