Thomas Weisel Partners Group, Inc. Announces Alliance With IdealRatings, Inc.
May 26 2009 - 9:30AM
Marketwired
Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), a global
growth-focused investment bank, today announced that Thomas Weisel
Asset Management LLC ("TWAM") teamed-up to form an alliance with
IdealRatings, Inc., a leading provider of Shariah compliant and
socially responsible investment services that provide transparency
to portfolio managers to invest in Shariah compliant instruments.
The alliance will create funds and separately managed accounts to
invest in small and mid-cap U.S. companies while reflecting each
client's individual portfolio principals of Shariah compliance.
Through an initial investment by TWAM, IdealRatings, Inc. will
manage the process of achieving individually tailored Shariah
compliance for TWAM clients, including supplying software, research
tools and scholar support. IdealRatings, Inc. and TWAM will target
Shariah focused investors, Islamic institutions and international
family offices.
"We are very excited to announce this expanded capability of our
asset management platform to include Shariah compliant investors.
IdealRatings, Inc. has established a proven track record of
delivering top-rated technology geared towards screening stocks to
be Shariah compliant. This opportunity presents great potential to
facilitate Middle Eastern investments in the U.S. equity markets,"
commented Thomas W. Weisel, Chairman and CEO of Thomas Weisel
Partners.
"IdealRatings, Inc. is pleased to team-up with TWAM and bring
its complete and accurate Shariah compliant universe and services
to the established TWAM platform," said Mohamed Donia, CEO of
IdealRatings, Inc.
About Thomas Weisel Partners Group, Inc.
Thomas Weisel Partners Group, Inc. is an investment bank,
founded in 1998, focused principally on the growth sectors of the
economy. Thomas Weisel Partners generates revenues from three
principal sources: investment banking, brokerage and asset
management. The investment banking group is comprised of two
disciplines: corporate finance and strategic advisory. The
brokerage group provides equity and convertible debt securities
sales and trading services to institutional investors, and offers
brokerage, advisory and cash management services to high-net-worth
individuals and corporate clients. The asset management group
consists of: private equity, public equity and distribution
management. Thomas Weisel Partners is headquartered in San
Francisco with additional offices in Baltimore, Boston, Calgary,
Chicago, Denver, New York, Portland, Silicon Valley, Toronto,
London and Zurich. For more information, please visit
www.tweisel.com.
About IdealRatings, Inc.
IdealRatings(TM) is a service for financial institutions to
drive Alpha generation by identifying Shariah compliant instruments
globally and managing the overall Shariah fund management process.
IdealRatings is geared for portfolio managers and analysts who need
an enterprise-wide view to better manage and operate their Shariah
compliant funds. IdealRatings, Inc. is headquartered in San
Francisco, California. For more information, please visit
www.idealratings.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, which
are subject to risks, uncertainties and assumptions about us. In
some cases, you can identify these statements by forward-looking
words such as "may," "might," "will," "should," "expect," "plan,"
"anticipate," "believe," "estimate," "predict," "optimistic,"
"potential," "future" or "continue," the negative of these terms
and other comparable terminology. These statements are only
predictions based on our current expectations about future events.
There are important factors that could cause actual results, level
of activity, performance or achievements or other events or
circumstances to differ materially from the results, level of
activity, performance or achievements expressed or implied by these
forward-looking statements. These factors include, but are not
limited to, the state of the financial markets and the economy,
particularly as they relate to the growth sectors that the firm is
focused on, Thomas Weisel Partners' ability to implement its
strategic initiatives and achieve the expected benefits of the
acquisition of Westwind Partners, retain its professionals, as well
as other competitive, economic, political, and market conditions
and fluctuations, government and industry regulation, risks
relating to the acquisition of Westwind Partners, including the
effect of the completion of the transaction on the companies'
business relationships, operating results and business generally
and other factors. Some of the other factors are those that are
discussed in Item 1A - "Risk Factors" in our Annual Report on Form
10-K for the year ended December 31, 2008 and in our Quarterly
Reports on Form 10-Q filed with the SEC thereafter. We do not
assume responsibility for the accuracy or completeness of any
forward-looking statement and you should not rely on
forward-looking statements as predictions of future events. We are
under no duty to update any of these forward-looking statements to
conform them to actual results or revised expectations.
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