Concept Capital, a leading institutional broker and total solutions provider for global investment managers, has announced that it has entered into an agreement to sell its Washington D.C. based research division, the Washington Research Group, to MF Global Holdings Ltd.
"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."
Concept Capital has made tremendous strides over the past few years in strategically expanding its institutional sales and trading business while providing our clients with industry leading advanced trading solutions. Concept Capital's multi-prime service platform provides a total technology and service solution that meets the demands of knowledgeable asset management clients. ConceptONE combines execution, prime services, fund administration and risk management on one integrated platform, supported by real-time technologies, providing managers with all of the key components necessary to successfully run their businesses.
The firm also continues to be a strong participant in the capital markets business through our recently formed Directed Brokerage and Outsourced Trading groups, which has a unique set of services the firm offers to its institutional client base.
"Concept Capital has made a name for itself in the institutional community by developing a world class product for our institutional customers," added Moore. "We are committed to building upon our accepted skills as we continue to offer the 'best-of-breed' services to our clients
