Knight Capital Group Releases Statement on the Performance of Deephaven Capital Management Funds
August 28 2007 - 7:58PM
PR Newswire (US)
JERSEY CITY, N.J., Aug. 28 /PRNewswire-FirstCall/ -- Knight Capital
Group, Inc. (NASDAQ:NITE) has issued a statement in response to
significant inaccuracies contained in recent media reports on the
performance of funds managed by Deephaven Capital Management, the
Company's asset management subsidiary. The statement is now
available via the company website at
http://www.knight.com/mediacenter/index.asp. About Knight Knight
Capital Group, Inc. (NASDAQ:NITE) is a leading financial services
firm that provides voice and electronic access to the capital
markets across multiple asset classes for buy-side, sell-side and
corporate clients, and asset management for institutions and
private clients. Our Global Markets business offers superior
execution quality through natural liquidity, capital facilitation
and trading technology, with comprehensive products and services
that support the capital formation process. Our Asset Management
business, Deephaven Capital Management, is a global multi-strategy
alternative investment manager focused on delivering attractive
risk-adjusted returns with low correlation to the broader markets.
More information about Knight can be found at
http://www.knight.com/. Certain statements contained herein
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on current expectations,
estimates and projections about the Company's industry,
management's beliefs and certain assumptions made by management.
Readers are cautioned that any such forward-looking statements are
not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict.
Since such statements involve risks and uncertainties, the actual
results and performance of the Company may turn out to be
materially different from the results expressed or implied by such
forward-looking statements. Given these uncertainties, readers are
cautioned not to place undue reliance on such forward-looking
statements. Unless otherwise required by law, the Company also
disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions
to the forward-looking statements made herein; however, readers
should carefully review reports or documents the Company files from
time to time with the Securities and Exchange Commission including,
without limitation, the risks and uncertainties detailed under the
headings "Risk Factors" and "Certain Factors Affecting Results of
Operations" in the Company's Annual Report on Form 10-K and under
the heading "Risk Factors" in the Company's Form 10-Q for the
quarterly period ended June 30, 2007. Other risk factors include
those associated with the determination made by the Company, at its
sole discretion, that if a Deephaven fund with a six-month
performance period incurs losses in the performance period ending
December 31, 2007, Deephaven will return all or a portion of the
incentive allocation fees collected from investors in that fund for
the six-month performance period ended June 30, 2007, and the
potential adverse impact on the Company's results of operations.
DATASOURCE: Knight Capital Group, Inc. CONTACT: Margaret Wyrwas,
Senior Managing Director, Corporate Communications & Investor
Relations, +1-201-557-6954, , Kara Fitzsimmons, Vice President,
Media Relations, +1-201-356-1523, , Jonathan Mairs, Vice President,
Corporate Communications, +1-201-356-1529, , all of Knight Capital
Group, Inc. Web site: http://www.knight.com/
http://www.knight.com/mediacenter/index.asp
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