Codexa Targets Exploding Hedge Fund Community in Greenwich, CT.Business Editors GREENWICH, Conn.--(BUSINESS WIRE)--Feb. 12, 2001 Codexa Corporation, a financial Applications Service Provider providing focused, continuous Internet surveillance for greater Wall Street, today announced the opening of an office in Greenwich, CT to concentrate on the extensive 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" community. Hedge fund managers are a key market for Codexa and a local presence will give the firm a better opportunity to present their technology to the town's extensive network of investment professionals. Traders and portfolio managers use Codexa to gain a heads up on market moving events, and for market intelligence in the Internet arena. "These days, a little buzz on the Internet can create a whirlwind whirlwind, revolving mass of air resulting from local atmospheric instability, such as that caused by intense heating of the ground by the sun on a hot summer day. of intra-day market volatility," notes David Leinweber, Codexa's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Founder. "Codexa's alerting system can warn traders, market makers and specialists about move-triggering events before they impact the market." In line with this move, Codexa hired John H. Plunkett, Jr., former Managing Director, Global Equity Advisors (Greenwich, CT) as a Senior Sales Consultant. Prior to joining Codexa, Plunkett spent seven years as a trader and portfolio manager for Global Equity Advisors, a hedge fund boutique Boutique A small investment firm specializing in offering specific, but limited services to a select number of individuals. Notes: These investment firms are the alternatives to large financial supermarkets. They provide a highly personalized environment for investing. in Greenwich, CT. "Traders and portfolio managers need information so they can take calculated risks," says Plunkett. "And the Internet has transformed the information landscape. New sources of information, like message boards and whisper numbers Whisper Number Unofficial and unpublished earnings per share forecasts that circulate among the professionals and wealthy investors on Wall Street. Whisper numbers are especially useful when they differ from the consensus forecast. are moving stock prices. Traditional sources of information are now being delivered over the Web, instead of on paper or diskette The official name for the floppy disk. See floppy disk. diskette - floppy disk ." Codexa is headquartered in Pasadena, CA and also has an office in Manhattan. Codexa's new CT office is located on 2 Sound View Drive, Greenwich CT. |
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