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LIQUIDNET COMPLETES STRATEGIC INVESTMENT IN ALTERNATIVE RESEARCH FIRM
— Alexa Jaworski (January 13, 2010)
Liquidnet said this week it has completed an investment in OTR Global Holdings II, the parent corporation of OTR Global LLC, an alternative research firm that generates unique and proprietary market intelligence for institutional investors worldwide.
"Our decision to partner with OTR is in recognition of our members' increasing usage and reliance on primary intelligence in their investment decision-making process," said Seth Merrin, founder and CEO of Liquidnet. "OTR is an innovator in the primary research space, and Liquidnet is excited to partner with them and add their network to our community. OTR's network will add great value to our growing Management Access business."
Liquidnet's Management Access services are focused on bringing greater efficiencies and transparency between institutional investors and corporate management. With the launch of Liquidnet Insight in the second quarter of 2009, Liquidnet expanded its global investment community to include traders, portfolio managers, analysts and issuers, according to the company.
OTR Global's team of more than 200 reporters around the world conducts approximately 38,000 in-depth interviews per year with qualified, unpaid sources to generate intelligence on specific sectors and on-demand topics. OTR Global's research services, along with Liquidnet's ability to connect investors with company management teams, "create a competitive advantage for institutional investors looking for differentiated investment ideas and validation," Liquidnet and OTR explained in a joint statement.
Stanton Green, president and CEO of OTR Global noted that this investment and partnership "will not only enable us to collaborate with Liquidnet on innovative products, events and services, including Management Access, but allows us to expand our sector intelligence and global reach for our clients, particularly in areas like China. Through our complementary areas of expertise, Liquidnet and OTR together can drive more value for our clients."