Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:An Investment Bank Buys a SoCal ETF Strategist Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 22, 2017

An Investment Bank Buys a SoCal ETF Strategist

News summary by MFWire's editors

A New York City-based investment bank that's also a key ETF market maker just bought an ETF strategist in Southern California.

Shawn Matthews
Cantor Fitzgerald & Co.
Chief Executive Officer
Shawn Matthews, CEO of Cantor Fitzgerald & Co., confirms that Cantor Fitzgerald LP subsidiary Cantor Fitzgerald Investment Advisors (CFIA) has acquired Efficient Market Advisors' (EMA's) asset management business. EMA, founded in 2004, now has $1.1 billion in assets under advisement and is a mutual fund subadvisor and SMA manager.

Pricing and terms of the deal were not disclosed.

Dan McSwain of the San Diego Union-Tribune reported on the deal, noting that EMA has 11 employees.

"With this transaction, we continue the build out of our asset management business, which is an important element of the overall strategic direction of our firm," Matthews states.

"Combining EMA's capabilities with Cantor's robust global distribution, infrastructure and capital markets expertise, will significantly strengthen our asset management platform," states Dave Goldfarb, senior managing director at CFIA.

Herb Morgan III, EMA's founder, CEO, and chief investment officer, will continue to lead his team from San Diego. Morgan will become senior managing director and chief investment officer of CFIA's EMA division. He praises Cantor Fitzgerald as "one of the world's most storied and dynamic financial services brands."

Morgan, the San Diego Union-Tribune notes, is also a former president of San Diego's pension board. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use