New Yorkers lead the pack in independent investment.New York-based brokerage firms Sanford C. Bernstein & Co. and Prudential Equity Group are the most honored firms in Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. magazine's first-ever ranking of independent investment research providers, which is based on a survey of money managers. Sanford C. Bernstein wins in five of ten research sectors and places in four more, while Prudential places in eight. IT's ranking of the best independent research providers--defined as firms that perform no investment banking--appears in its December issue alongside its annual ranking of the best boutique and regional research firms. The issue was released last week. Independent research providers have garnered much attention since the conflict-of-interest scandals that engulfed research departments at large Wall Street brokerages three years ago. The 12 brokerages that signed the $1.4 billion global research settlement with New York State Attorney General The New York State Attorney General is the chief legal officer of the State of New York. The office has been in existence in some form since 1626, under the Dutch colonial government of New York. Eliot Spitzer Eliot Laurence Spitzer (born June 10 1959 ) is an American lawyer, politician and the current Governor of New York. Spitzer was elected governor in the November 2006 election. and other regulators agreed to spend $460 million over five years to distribute research from independents to their retail customers--in effect, providing their clients with a second opinion. In the new Institutional Investor ranking, smaller independent research firms manage to elbow aside bigger shops and walk off with the top spots in several sectors: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of firms Fulcrum fulcrum: see lever. Global Partners in Media, Gerson Lehrman Group in Health Care and International Strategy & Investment Group in Macro; Parsippany, New Jersey's New Vernon New Vernon may refer to:
New York-based boutique research firm Fulcrum Global Partners impressed investors with its coverage of the Cable & Satellite, Chemicals/ Commodity, Entertainment and Gaming & Lodging industries. Keefe, Bruyette & Woods, an investment banking boutique in New York that tracks 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. industry, takes the top spot in the Banks/Large-Cap, Banks/Midcap, Brokers & Asset Managers and Specialty Finance sectors. For a complete listing of the winners across all categories, visit www.InstitutionalInvestor.com. |
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