TheStreet.com Forms Research Unit: TheStreet.com has formed a new company, called Independent Research Group, to sell independent stock research and has named a former J.P. Morgan H&Q managing director to run it. The online financial news provider said the unit will provide “buy, sell and hold” stock research to institutional clients.
The expansion into institutional proprietary research comes after the launch of TheStreet.com’s Professional Markets Group, which focuses on providing trading/research products o investment professionals, including hedge fund managers, brokers, financial planners, traders and money managers. This suite of current product offerings includes TheStreetView, RealMoney Pro and RealMoney Pro Advisor. For more details, see the press release.