G.research LLC Announces Management Changes
August 08 2019 - 9:49AM
Business Wire
G.research, LLC, a subsidiary of Associated Capital Group,
(NYSE: AC), announced today that Vincent M. Amabile, a 16 year
veteran, has been named President of G.research, LLC and will
become a board member of Morgan Group Holding Co. (OTC: MGHL) with
the merger of the two companies. Cornelius V. McGinity has been
elevated to the Office of the Chairman of the Company. G.research
provides institutional research and trade execution services to
hedge funds, mutual funds and other institutional money
managers.
Vincent Amabile, a Manhattan resident and graduate of Fairfield
University, joined the trading desk of G.research in 2003.
Previously, he worked for Herzog Heine Geduld and Merrill Lynch as
an equity trader. In his new role, Mr. Amabile will be responsible
for all of the firm’s institutional research sales and trading
initiatives, and will lead the firm’s effort to expand the
company’s client base.
Mr. McGinity has been President of G.research since 2012.
Previously he was a Managing Director, Institutional Sales at
Knight Capital Group for fifteen years. Prior to joining Knight, he
was an institutional sales trader at Cantor Fitzgerald from
1994-1997; and an equity trader with several wire houses, including
Merrill Lynch and Smith Barney. A native of Long Island, New York,
Mr. McGinity is a graduate of Villanova University.
In May, the Board of Associated Capital Group formed a special
committee to negotiate a transaction between G.research and Morgan
Group Holding Co. The transaction remains subject to regulatory
approvals and finalizing other conditions for closing. We cannot
assure that a transaction will be consummated.
About Associated Capital Group, Inc.
The Company operates its investment management business via
Gabelli & Company Investment Advisers, Inc. (“GCIA” f/k/a
Gabelli Securities, Inc.), its 100% owned subsidiary. GCIA and its
wholly-owned subsidiary, Gabelli & Partners, collectively serve
as general partners or investment managers to investment funds
including limited partnerships, offshore companies and separate
accounts. The Company primarily manages assets in equity
event-driven strategies, across a range of risk and event arbitrage
portfolios and earns management and incentive fees from its
advisory activities. GCIA is registered with the Securities and
Exchange Commission as an investment advisor under the Investment
Advisers Act of 1940, as amended.
The Company operates its institutional research services
business through G.research, LLC, an indirect wholly-owned
subsidiary of the Company. G.research is a broker-dealer registered
under the Securities Exchange Act of 1934, as amended, that
provides institutional research services and acts as an
underwriter.
The Company also derives investment income/(loss) from
proprietary trading of assets awaiting deployment in its operating
businesses.
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
The financial results set forth in this press release are
preliminary. Our disclosure and analysis in this press release,
which do not present historical information, contain
“forward-looking statements” within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements convey our current expectations or forecasts of future
events. You can identify these statements because they do not
relate strictly to historical or current facts. They use words such
as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe,” and other words and terms of similar meaning. They also
appear in any discussion of future operating or financial
performance. In particular, these include statements relating to
future actions, future performance of our products, expenses, the
outcome of any legal proceedings, and financial results. Although
we believe that we are basing our expectations and beliefs on
reasonable assumptions within the bounds of what we currently know
about our business and operations, the economy and other
conditions, there can be no assurance that our actual results will
not differ materially from what we expect or believe. Therefore,
you should proceed with caution in relying on any of these
forward-looking statements. They are neither statements of
historical fact nor guarantees or assurances of future
performance.
Forward-looking statements involve a number of known and unknown
risks, uncertainties and other important factors, some of which are
listed below, that are difficult to predict and could cause actual
results and outcomes to differ materially from any future results
or outcomes expressed or implied by such forward-looking
statements. Some of the factors that could cause our actual results
to differ from our expectations or beliefs include a decline in the
securities markets that adversely affect our assets under
management, negative performance of our products, the failure to
perform as required under our investment management agreements, and
a general downturn in the economy that negatively impacts our
operations. We also direct your attention to the more specific
discussions of these and other risks, uncertainties and other
important factors contained in our Form 10 and other public
filings. Other factors that could cause our actual results to
differ may emerge from time to time, and it is not possible for us
to predict all of them. We do not undertake to update publicly any
forward-looking statements if we subsequently learn that we are
unlikely to achieve our expectations whether as a result of new
information, future developments or otherwise, except as may be
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190808005503/en/
Douglas R. Jamieson President (914) 921-5020
www.associated-capital-group.com
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