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RhumbLine Advisers
RhumbLine Advisers (RhumbLine) is an American investment management firm based in Boston. The firm specializes in passive management index-based strategies for institutional investors. History RhumbLine was founded in 1990 by African-American John D. Nelson. An avid sailor who had served in the United States Navy, Nelson settled on a nautical reference when creating the firm. Squeezing two words together, he called it RhumbLine, a term for navigating a direct course from point A to point B. Prior to this Nelson was senior vice president at State Street Corporation who helped establish its public funds division. He was also a former chief administrative and budget officer for the Democratic National Committee. In 1991, Bing Sung joined RhumbLine from the Harvard University endowment and would become its chief investment officer. In 1998, the U.S. Securities and Exchange Commission (SEC) sued Sung and RhumbLine for unauthorized trading and concealing the losses involved. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |