/24-7PressRelease/ - NEW YORK, NY, September 20, 2006 -- Financial Investment News, the premier independent source of news and market intelligence for the asset management industry and publisher of FINdaily and Emerging Manager Monthly, is celebrating its one-year anniversary.
Since its launch in September 2005 with FINdaily as its flagship, Financial Investment News has reported on over 1,200 search leads from more than 300 public defined benefit pension plans with at least $25 million in assets under management.
In commenting on the success of the publications, Robert Cavallito, managing partner and publisher, said he thinks these numbers are especially impressive because FINdaily counts multiple hires for the same search only once.
"We have shown we work harder, have more information and are more in-tune with our readers and their needs than any other publication in this space," said Cavallito. "The amount of interest our publications has attracted to this point shows there is a need and a want among institutional asset management firms, consultants and plan sponsors for fresh ideas and relevant information."
Subscribers such as Mark Fitzpatrick, head of sales, marketing and client service at Elessar Investment Management, have found the publication to be an important business development tool. "FINdaily is an extremely reliable source of information. I look forward to 5 p.m. every day to see if there is anything new that I can pursue in the market. It has proven to be an invaluable resource," said Fitzpatrick.
The company was founded by Cavallito, Gar Chung and Matthew McCue as a means to provide investment management firms with important pension plan and industry information quicker and at a more affordable rate than any other industry publication.
Building on the success of FINdaily, Emerging Manager Monthly launched in February 2006 and quickly established itself as a leading news source in the emerging manager space.
"Just like many of the investment management firms we cover, track record is an important aspect of this business, and we have shown in our first year that no other publisher commits itself more to supplying high quality, timely and actionable information to its subscribers than Financial Investment News," said McCue, managing partner and editor.
"Now that we have made a major step toward establishing our name in the industry, our subscribers will further benefit from the increased familiarity of the Financial Investment News name among institutional investors," said Chung, managing partner and data editor.
About Financial Investment News:
Financial Investment News, a division of GRLM, LLC, is the premier independent news source for the asset management community. Founded in September 2005, FIN publishes FINdaily, a comprehensive source for manager searches and news from across the asset management industry, delivered by e-mail every afternoon, and Emerging Manager Monthly, the first and only newsletter dedicated to the emerging manager space.
For additional information on Financial Investment News, contact Robert Cavallito at 646.810.1072 or visit
www.fin-news.com.
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