ADVISORY, June 21, 2012 (GLOBE NEWSWIRE) --
Russell Investments will visit the NASDAQ MarketSite in New York City's Times Square to celebrate the Russell Indexes Annual Reconstitution.
The NASDAQ Closing Cross ll be used for the ninth consecutive year to reconfigure the entire family of U.S. Russell indexes during their annual reconstitution. NASDAQ OMX has participated in the Russell rebalance for more than 10 years and has been chosen as Russell's Closing Cross partner since 2004.
In honor of the occasion, representatives from Russell Investments and NASDAQ OMX will ring the NASDAQ Closing Bell.
- Len Brennan – President & CEO, Russell Investments
- Ron Bundy – CEO, Russell Indexes
- Bob Greifeld, CEO of NASDAQ OMX
- John Jacobs, Head of NASDAQ OMX Global Indexes
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Friday, June 22, 2012 – 3:45 p.m. to 4:00 p.m. ET
Russell Media Contacts:
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A live webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx.
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About Russell Investments:
Russell Investments (Russell) is a global asset manager and one of only a few firms that offer actively managed multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell's core capabilities extend across capital markets insights, manager research, Indexes, portfolio implementation and portfolio construction.
Russell has about $155 billion in assets under management (as of 3/31/2012) and works with 2,400 institutional clients, more than 580 independent distribution partners and advisors, and individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2.4 trillion in assets under advisement (as of 12/31/11). It has four decades of experience researching and selecting investment managers and meets annually with more than 2,200 managers around the world. Russell traded more than $1.5 trillion in 2011 through its implementation services business. Russell calculates more than 80,000 benchmarks daily covering 98% of the investable market globally, 85 countries and more than 10,000 securities. Approximately $3.9 trillion in assets are benchmarked to the Russell Indexes (as of 12/31/11).
Russell launched its family of indexes in 1984 to more accurately measure U.S. market segments and better track investment manager behavior for its investment management and consulting businesses. The innovative index design includes float-adjusted market capitalization, annual reconstitution, multifactor style analysis as well as objective and transparent rules.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 24 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.999% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6.2 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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