BDirect Capital Announces Strategic Investment; Frank Russell Joins New Round.Business Editors BOSTON--(BUSINESS WIRE)--March 4, 2002 BDirect Capital, Inc., the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm specializing in alternative investments, today announced that Frank Russell Frank Russell may refer to the following people:
"Our investment is motivated mo·ti·vate tr.v. mo·ti·vat·ed, mo·ti·vat·ing, mo·ti·vates To provide with an incentive; move to action; impel. mo by our conviction that there is a growing market for alternative investment vehicles. BDirect's business is based on innovative delivery platforms for alternative investments, which allow the investor universe to broaden substantially," said Hal Strong, Managing Director of Russell Capital and head of Russell's global alternative investments programs. BDirect Capital's solutions enable financial institutions to incorporate private equity, hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and real estate investment opportunities into their overall wealth management programs. BDirect's significant domain knowledge within the alternative investment arena and its proprietary technology platform allow this integration to occur quickly and seamlessly and is compatible with existing public securities systems. "We believe we are continuing to meet the evolving needs of the market. We are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. that a sophisticated investment services firm such as Frank Russell believes that our business strategy makes sense," said Jeff Hammer, Managing Director of BDirect Capital. "We view Russell's investment in BDirect as a significant validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. of the company's future business prospects." Formed in 1999, BDirect Capital is a financial services firm specializing in a complete range of alternative investment solutions. The firm has significant domain knowledge in alternative investment product design, advisor-based distribution, and asset servicing to high-net-worth investors, investment professionals, and institutions. Frank Russell Company is a global investment services firm specializing in multi-manager investment Multi-manager investment is an investment product that consists of multiple specialized funds. Each specialized fund may invest across different sectors and markets, or having managers investing in the same asset class but have different investment styles. strategies and portfolios. |
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