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

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...