|By PR Newswire||
|February 3, 2014 09:10 AM EST||
LOS ANGELES, Feb. 3, 2014 /PRNewswire/ -- B. Riley & Co., LLC (B. Riley) www.brileyco.com, a leading full service independent investment bank has launched the B. Riley Diversified Equity Composite, an equal-weighted index of stocks. The Composite is designed to measure the performance of the B. Riley Research Department through changes in the market value of all stocks designated with a "Buy" rating by B. Riley's equity research analysts.
The composite is independently calculated by Bloomberg Indexes. Updated performance of the B. Riley Diversified Equity Composite is available by visiting http://www.bloomberg.com/quote/BRILEYEQ:IND.
"For the 17 years that B. Riley has been publishing equity research, accountability has been our number one goal," said Bryant Riley, Chairman. "We introduced the B. Riley Diversified Equity Composite as part of our continuing effort to quantify the performance of our analysts' recommendations."
"We are pleased that the information will be available to investors through Bloomberg, one of Wall Street's most credible data providers."
The B. Riley Diversified Equity Composite is rebalanced immediately following the addition or subtraction of a company from the B. Riley Research Department "Buy" rated list. The composite is long only.
As of December 31, 2013, the Composite carried 1, 3 and 5-year total returns of 62.68%, 87.20% and 307.92% respectively*.
*Past performance is not indicative of future results
About B. RILEY & CO.:
B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and otcqx dad services to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, and merger and acquisitions advisory to public and private middle market companies. The firm is recognized for its distinguished equity research. Founded in 1997, B. RILEY is headquartered in Los Angeles and maintains offices in Newport Beach, San Francisco, Del Mar and New York. It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com
SOURCE B. Riley & Co., LLC