Tuesday, 7 July 2015
Last updated 17 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…