Thomas Weisel Partners Group, Inc. Announces Strategic Alliance With Geologic Resource Partners LLC
July 29 2009 - 4:15PM
Marketwired
Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), a global
growth-focused investment bank, today announced that its affiliate,
Thomas Weisel Asset Management LLC ("TWAM"), has formed a strategic
alliance with Geologic Resource Partners LLC ("GRP"), a $330
million investment management company that invests globally in
early stage precious and industrial metals and mining companies.
TWAM will consult and guide GRP in asset gathering, operations,
compliance and administration. GRP will assist TWAM in building out
its asset management capabilities in the Natural Resource sector.
"TWAM intends to establish its capabilities in the Natural
Resources sector and global commodities markets, as we continue to
focus on the emerging market economies. The new relationship with
GRP complements our existing small cap expertise and leverages our
deep domain experience in the Natural Resource sector," stated
Thomas W. Weisel, Chairman and CEO of Thomas Weisel Partners.
George R. Ireland, President and Chief Investment Officer of
GRP, commented, "GRP is pleased to partner with TWAM as the
relationship will assist our company to enhance the quality of our
investment platform and access a broader universe of potential
investors in a thoughtful manner."
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 Geologic Resource Partners LLC
Geologic Resource Partners LLC is an investment management
company with a specific focus on the resource sector, most notably
the global mining and metals sector. Founded in 2004 in response to
demand from leading U.S. university endowments, GRP has $330
million of assets under management for its endowment and family
office clientele. George R. Ireland, President and Chief Investment
Officer of GRP, has thirty years of experience in the natural
resource sectors in positions ranging from field geologist, banker
and venture capitalist. GRP is based in Boston with additional
offices in Vancouver, Ottawa and Sun Valley.
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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