Market Overview

Khandwala Capital Management Completes Buyout Of Wright Investors' Service


Khandwala Capital Management (KCM) is pleased to announce the buyout of Wright
Investors' Service
, a leading provider of investment and financial
services worldwide. KCM is a company principally owned and controlled by
Amit S. Khandwala. Mr. Khandwala is a 30-year veteran of Wright and will
become the company's chairman while continuing in his role as chief
executive officer and chief investment officer.

The company, which will retain the Wright name, is also pleased to
announce that it is moving its corporate headquarters to 2 Corporate
Drive, Shelton, Connecticut. It is expected to relocate there in
September 2018.

Founded in 1960 and originally headquartered in Bridgeport, Wright
Investors' Service has been in Greenwich since 2015, soon after it was
purchased by National Patent Development Corporation.

"I am incredibly thrilled and proud to have the opportunity to purchase
the company where I have spent the majority of my professional career,"
Khandwala said. "With the rest of our employees, I am looking forward to
continuing the tradition of investment management and client service
excellence that Wright Investors' Service has become known for over the
past 58 years."

Wright Investors' Service is ranked in Pensions & Investments magazine's
list of largest institutional money managers for 2018. The company's
various strategies have been recognized by professional rating agencies
such as Informa Investment Solutions' PSN manager database, one of North
America's longest-running databases of investment managers. For more
information related to Wright Investors' Service awards and
recognitions, visit

Mr. Khandwala has over 30 years' experience managing investments at
Wright Investors' Service, during which time he has achieved recognition
for his investment acumen. He has overall responsibility for the
company's investment management and research.

Mr. Khandwala noted that Wright Investors' Service can now be certified
as a minority-owned business. Under the 2010 Dodd-Frank Act, government
agencies involved in procurement contracts must consider the diversity
of both applicants and their vendors. Many companies are also eager to
do business with minority-owned firms to achieve their diversity

About Wright Investors' Service, Inc.

Investors' Service
provides investment management, financial
advisory, and investment research services to large and small investors
in the United States, including trade unions, corporations, state and
local governments, and eleemosynary organizations. In addition, the
company offers a full array of research products for institutional
investors. The company is headquartered in Greenwich, Connecticut, but
is relocating to nearby Shelton in September 2018. For more information,

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