A Time to Invest


In the wake of our ponderings over why no one is interested in buying a depressed market data vendor (IMD, Aug. 12), PICO Holdings, Inc., the majority shareholder in Hyperfeed Technologies, exercised previously issued warrants. It now owns 11 million shares or 44 percent of Hyperfeed.

PICO’s chief executive officer, John Hart, says, “Our decision was based on the initiatives that Hyperfeed is pursuing,” pointing to positive comments from some proprietary trading firms. He adds, “From a pure

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