On Thursday, Shares of Cowen Group Inc (NASDAQ:COWN), lost -7.93% to $4.41. 3.08 million shares of the company were exchanged.
Cowen Group, Inc. (COWN) declared that Bill Maher has joined Cowen Prime Services the prime services division of Cowen, as Managing Director – Head of Client Services.
Mike Rosen, Managing Director and Global Co-Head of Prime Brokerage Services said, “We are happy to welcome Bill to Cowen Prime and believe his leadership of our client service effort will further enhance the firm’s relationships with our clients and further develop our presence in the alternative investment space. Bill is a seasoned prime brokerage executive with a great deal of experience in client service and support, and an impeccable reputation with alternative investment managers and institutional investors that allocate capital to them.”
Mr. Maher comes to Cowen Prime following six years at Credit Suisse Prime Services, where he served as Director, Asset Owner Coverage Team. In this position, Mr. Maher assisted the firm in capturing a highly ranked global position in prime brokerage by building a differentiated Global Asset Owner coverage model. During his tenure he built and maintained senior level trusted advisor relationships with Portfolio Managers, COOs, and CFOs by solving their complex problems and being highly proactive in servicing their needs. From 2005-2009 Mr. Maher was Executive Director, Senior Relationship Manager at Morgan Stanley Prime Brokerage. From 2000-2005 Mr. Maher was with Lehman Brothers Prime Brokerage, initially as Senior Vice President, Global Product Development and ultimately as Senior Vice President, US Head of Client Service. Mr. Maher began his career in administration consulting services at Coopers & Lybrand, LLC. Mr. Maher is located in our New York City office and can be reached at [email protected] or 646-562-1962.
Cowen Group, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides alternative investment administration, investment banking, research, and sales and trading services for its clients.
Shares of XPO Logistics Inc (NYSE:XPO), inclined 0.99% to $29.47, during its last trading session.
In the last trading session, the stock moved on low volume, trading at a volume of 2.22 M as compared to its average daily volume of 3.25 million shares.
The stock, as of recent close, has shown weekly upbeat performance of 10.66% which was maintained at -13.30% in 1-month period.
XPO Logistics, Inc. provides transportation and logistics services primarily in the United States. The company operates through two segments, Transportation and Logistics.
At the end of Thursday’s trade, Shares of UDR, Inc. (NYSE:UDR), inclined 0.37% to $35.24.
It traded in a range of $34.23 and $35.42, exchanging hands with 2.26 million shares.
UDR, Inc. (UDR), a leading multifamily real estate investment trust, declared that it has accomplished the acquisition of six Washington, DC communities for a total purchase price of $901 million from Home Properties, L.P. The Company purchased the six communities identified in the Company’s June 22, 2015 press release through a combination of $565 million of newly issued UDR DownREIT issued at $35 per unit, the assumption of $89 million of debt, $221 million of Section 1031 exchanges under contract and $26 million of cash. Home OP unitholders who elected to convert to UDR DownREIT Units will receive a pro rata share of the third quarter common dividend from the date of close, October 6, 2015, through the record date, October 12, 2015.
Separately, the Company has reached a contract to sell six communities for $221 million through Section 1031 exchanges. In addition, the Company is under contract to sell two communities for $66 million. The transactions are predictable to close on December 1, 2015.
UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities.
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