Morgan Stanley increased its stake in Freedom Holding 3,000 times

Photo: Freedom Holding

In the second quarter of 2021, Morgan Stanley, the largest financial conglomerate, acquired 204,938 shares of Freedom Holding. Previously, the company’s portfolio contained only 69 of these shares. With the acquisition, Morgan Stanley is ranked second on FRHC’s list of institutional investors.

International holding company Freedom Finance, whose brokerage services are also used by Estonian investors, has grown very intensively over the past couple of years. Namely, during this time it has become four times more expensive and now has an amazing capitalization of $ 3.8 billion.

Timur Turlov, founder and majority shareholder of Freedom Finance, told Äripäev that the past year has been eventful for the company. “We bought three financial institutions in different countries, launched new services, increased our market share and do not intend to stop there,” Turlov said.

Reliable companies with a solid history

Freedom Finance brokerage company was founded in 2008, today it has offices in the USA, Germany, Cyprus, Russia, Ukraine and other countries. The holding is regulated by the US Securities and Exchange Commission, and Freedom Finance Europe Ltd is regulated by the Cyprus Securities and Exchange Commission.

5 interesting facts about Freedom Finance

• 20,000 employees

• 75 offices in seven countries

• $ 142 million in equity

• Shares of the holding are traded on the Nasdaq exchange

• 330,000 active client accounts

Company Morgan Stanley has been on the market since 1935, advising clients on public offerings, mergers and acquisitions. The company manages assets in the amount of USD 130.90 billion. Morgan Stanley benefits a wide range of social groups, from private clients and families to large corporations and entire nations.

All of these large investment firms have increased their stakes in Freedom Holding Corp. For the second quarter of 2021

• Two Sigma Investments, the majority shareholder of Freedom Holding Corp., repurchased 399,910 shares

• Penserra Capital Management – 115,601 shares

• DE Shaw & Co. – 73,938 shares

• Voloridge Investment Management – 35 693 акции

• Jump Financial – 31,300 shares

• Schonfeld Strategic Advisors – 29 100 акций

• Deutsche Asset Management Americas – 27,987 shares

• Susquehanna International Group – 25 130 акций

• Advisor Group – 23 904 акции


Source: https://www.dv.ee/ by www.dv.ee.

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