Conifer Buys Morgan Stanley’s Outsourced Trading Business

Apr 9 2008 | 10:41am ET

Conifer Securities, which specializes in providing middle- and back-office services to hedge funds, has agreed to purchase Morgan Stanley’s Outsourced Trading business.

Morgan Stanley will continue to offer prime brokerage services to its Outsourced Trading clients, while it moves its New York-based trading team, under the leadership of William Byrne, to Conifer’s New York office.
 
The move is aimed at boosting Conifer’s ability to provide independent trade execution in equities, options, exchange traded funds and related products to its hedge fund clients. 

Terms of the transaction, due to close at the end of April, were not disclosed.
 
“This is our first acquisition complimenting nearly 20 years of solid organic growth,” said Phil Stapleton, Conifer’s chairman. “We continue to look for new avenues of global expansion to serve our growing client base.”


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note