Cornwall Investments Takes Ownership Stake in Titan
10 Giugno 2011 - 9:35PM
Marketwired
Titan Trading Analytics Inc. (TSX VENTURE: TTA) (OTCBB: TITAF) has
announced Cornwall Investments LLC is taking a 13% ownership stake
in the company, subject to TSX approval. Cornwall makes investments
in both public and private entities that are primarily involved in
the hedge fund support and commodities industries although it is
not limited to such.
The investment in Titan was initiated by Cornwall's Managing
Director Robert Aaron, who is also CEO of Gilwern Associates, a
hedge fund consulting firm. He serves as Vice Chairman of
HedgeServ, a hedge fund administrator and Investor Analytics, a
firm that offers a risk solution to the alternatives industry.
Previously Mr. Aaron was Chief Executive Officer of DPM Mellon LLC,
a diversified hedge fund administrator he founded in 1994.
Mr. Aaron was previously Chairman of the Board of the Managed
Funds Association (MFA), the trade group for the United States
hedge fund industry. He also served as Conference Chairman and was
a Director and Treasurer of the MFA. Mr. Aaron is a member of the
Founder's Council of the Greenwich Roundtable, a non- profit
research and education group dedicated to investors in alternative
investments. He serves on the group's Education and External
Affairs Committees. Mr. Aaron has over 30 years of experience in
trading operations and risk management, asset allocation and
investment accounting, and is a recognized expert in the hedge fund
industry. He has published several articles on hedge funds, on both
operational and risk transparency issues.
"We are extremely pleased to announce Cornwall as our first
institutional investor", commented John Coulter, President and CEO
of Titan. "This investment is a strong validation of Titan's
mission to democratize quantitative research for hedge funds
globally. Bob Aaron has an incredible reputation amongst the
hundreds of firms he's serviced during his prestigious career. We
will also gain valuable insight from Gilwern as we rapidly expand
Titan's presence in the alternative investment space."
About Titan Trading Analytics Inc.: www.titantrading.com
Titan Trading Analytics Inc. is a premier provider of behavioral
trading research. Trade signals are distributed via a powerful
financial analysis and electronic trading software platform which
captures and analyzes real-time market tick data and social media
sentiment and identifies trade opportunities based on matching
real-time and historical patterns, identified by Titan's Trade
Recommendation Engine™ (TRE). Titan's flagship product,
TickAnalyst™, delivers trading signals to proprietary trading firms
and hedge funds via a cutting edge browser-based interface. Titan's
internally developed products and services are at the forefront of
the high growth global investment management and automated trading
industry.
Forward-Looking Statements
The statements in this news release relating to matters that are
not current or historical facts are forward-looking statements.
Such forward-looking statements are based on current plans,
estimates and expectations. Forward-looking statements are based on
known and unknown risks, assumptions, uncertainties and other
factors. Actual results, performance, or achievements may differ
materially from any future results, performance, or achievements
expressed or implied by such forward-looking statements. Titan
undertakes no obligation to publicly update or revise any
forward-looking statement.
Contacts: Articulate Communications Inc. Audra Tiner
212-255-0080 ext. 34 atiner@articulatecomms.com
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