New York – March 12, 2008 – The Northeastern Chapter of the Hedge Fund Association is pleased to announce that Justin A. Brownhill, the Co-founder and CEO of The Receivables Exchange will deliver the keynote address at upcoming events in Greenwich on March 18th at L’escale and New York City on March 20th at the Penn Club. Each HFA event is open to association members and non-members, and includes cocktails and the opportunity to connect with fellow hedge fund professionals. Registration is $25, and can be completed at www.thehfa.org or by calling 203-570-2898.
“Keynote Speaker Justin A. Brownhill is a seasoned industry executive, operator and strategic advisor to the financial services and technology sectors,” stated David Friedland, HFA President. “His latest venture, The Receivables Exchange, has piqued the interest of the hedge fund community and we are very pleased to offer a forum where hedge fund managers can learn more about this new, pioneering marketplace.”
The Receivables Exchange is transforming and expanding the accounts receivable financing industry. The exchange’s proprietary online electronic marketplace will bring together a global network of accredited capital providers with millions of untapped, growth-oriented small and medium sized businesses in search of capital. The more than $22 trillion in annual turnover available for accounts receivable sales in the United States represents an enormous new investment opportunity for hedge fund managers to participate in the asset based financing industry. Through the exchange, hedge fund managers and other capital providers can broaden their reach into a new asset class and product offering high risk adjusted and non-correlated returns. The Receivables Exchange trading platform is based on the New York Stock Exchange (NYSE) bond trading platform.
About the Hedge Fund Association
The Hedge Fund Association is an international not for profit organization with the primary goal of educating the public and the media about the misperceptions of hedge funds, and promoting the image and popularity of hedge funds. Membership in the HFA is open to hedge fund managers and investment advisors; investors in hedge funds, including funds of funds, private banks, family offices, pension funds and endowments and high net worth individuals; and hedge fund professionals, including administrators, custodians, auditors, prime brokers, lawyers, consultants and advisors, and marketing representatives. To join or find out more, please visit www.thehfa.org .
About The Receivables Exchange
The Receivables Exchange ( www.receivablesxchange.com ) is America’s first online marketplace for trading accounts receivables. The Receivables Exchange provides a new dimension in working capital management by connecting companies to a global network of accredited capital providers who compete in real time to buy and trade receivables. Exchange participants benefit from immediate and flexible access to working capital finance at the most competitive rates. The Receivables Exchange is a fast and efficient way to manage working capital at a fraction of traditional financing costs. The Receivables Exchange has secured financing from Prism VentureWorks and Fidelity Ventures, the venture capital arm of Fidelity Investments. The exchange’s trading platform is based on the New York Stock Exchange’s (NYSE) bond trading platform. For more information, visit www.receivablesxchange.com .
