PR88683

LOS ANGELES, March 26, 2021 /PRNewswire=KYODO JBN/ --

  -- Proceeds will boost R&D and expand global asset management

     business

O'Neil Capital Management (OCM) announced today that it reached an agreement to

divest its ownership interest in Investor's Business Daily (IBD) to News Corp.

The sale is currently pending regulatory approval.

IBD(TM) was founded in Los Angeles, California in 1984 by William J. O'Neil, a

legendary investor synonymous with the CAN SLIM(TM) investment method. In

creating IBD, Mr. O'Neil introduced the general public to groundbreaking

analytics and data-driven stock information not found in other financial media.

While IBD started as a daily newspaper, it now functions primarily as a digital

service provider, experiencing double-digit growth in digital subscription

revenue in recent years. Its service offerings currently include Investors.com,

MarketSmith(TM), Leaderboard(TM), Swing Trader(TM), IBD Live(TM), investing

podcasts, and a weekly print edition.

"The decision to divest IBD was a difficult one," says OCM Chief Executive

Officer W. Scott O'Neil. "I believe IBD's analytic and research capabilities

are best-in-class for the retail investor. IBD has a healthy profit margin and

a growing subscriber base, the result of entrepreneurial strategies it deployed

to capitalize on the shifting landscape of the investment, media, and fintech

marketplaces. In adding IBD's unique technical and analytical capabilities to

News Corp's already formidable portfolio of media properties, we believe this

transaction will greatly benefit both companies."

OCM will re-invest the proceeds from the IBD sale into its remaining

subsidiaries. "A company like IBD does not come up for sale very often and we

were in the very fortunate financial position of not having to sell. However,

the IBD divestiture will allow us to inject significant capital into several

'blue sky' initiatives we have identified that are critical for our firm's

future growth, both in the United States and abroad," says OCM's Chief

Investment Officer Steven Birch. "We're particularly interested in accelerating

new research and development related to our algorithmic investing strategies.

While we are exiting the B2C channel in the United States, we look forward to

growing our domestic and international B2B businesses. Specifically, we look

forward to significant growth in our global asset management businesses."

OCM's newest venture, O'Neil Global Advisors (OGA), is an SEC Registered

Investment Advisor. OGA offers discretionary and systematic equity investment

strategies using quantitative modeling and algorithms. Its data scientists and

engineers utilize a data lake containing more than 140 years of stock market

information to build investment strategies that leverage proprietary research.

OGA manages the following private investment partnerships: Chameleon, a classic

market timing strategy; Raven, a long/short U.S. equity growth strategy;

Timberwolf, an alternative risk premia strategy that uses proprietary

quantitative factors; and Condor, a medium frequency long/short U.S. equity

trading strategy. OGA expects to launch an ETF investment index later this

year. More information can be found at: https://www.oneilglobaladvisors.com/.

William O'Neil Investment Management Shanghai (WONIM Shanghai) is William

O'Neil + Company's wholly foreign-owned enterprise in Shanghai, China. In April

2020, WONIM Shanghai obtained a Private Fund Manager license from Chinese

regulators, which allows foreign entities to develop and sell funds investing

in onshore assets to domestic qualified investors, including institutional and

high-net-worth investors—only the 27th foreign firm to gain such approval. The

firm aims to bring quant-based investment strategies, including O'Neil's CAN

SLIM(TM) methodology, to China's asset management market. In January 2021,

WONIM Shanghai launched its first onshore private fund. More information can be

found at: https://www.williamoneil.cn/.

O'Neil Capital Management India Pvt Ltd (OCM India) will launch the O'Neil

Quant Fund in April 2021, its first multi-strategy algorithmic fund. The O'Neil

Quant Fund is registered with SEBI as a category III Alternative Investment

Fund. More information can be found at: https://oneilcapital.in/ .

William O'Neil + Company is an SEC Registered Investment Advisor providing

domestic and international equity research, recommendations, and consulting to

many of the world's top institutional money managers. William O'Neil +

Company's recommendations cover more than 70,000 global equities, funds, and

indices and draw on a rich history of more than 58 years of equity research

experience using the O'Neil Methodology, a unique combination of technical and

fundamental analysis proven over the past half-century to identify

outperformers in the market. William O'Neil + Company is currently growing in

the institutional marketplace. Digital access to William O'Neil + Company

research is available through PANARAY(R), the company's flagship equity

research platform for desktop and mobile. William O'Neil + Company also

provides a range of high-touch advisory and conference services, all part of

its bespoke, consultative service offering. More information can be found at:

https://www.williamoneil.com/.

William O'Neil Securities is a licensed broker/dealer providing trading

services to institutional clients, including pension and mutual funds, hedge

funds, insurance companies, and corporations. The firm's mission is to assist

its clients in maximizing their performance through its trading expertise and

by providing the anonymity its clients expect. The firm's trading desk offers

expertise on domestically traded companies on the NYSE and NASDAQ exchanges.

William O'Neil Securities is regulated by the SEC and FINRA. More information

can be found at: https://www.oneilsecurities.com/.

O'Neil Digital Solutions (ODS) is a leading IT consulting firm specializing in

the optimization of complex end-to-end business process systems for the

financial services, digital media, healthcare, and transportation industries.

ODS provides high-touch bespoke software engineering, systems integration, and

infrastructure management services to clients of all sizes and industries. From

large-scale mass communication projects to highly secure and confidential data

analytics, ODS has a broad set of proven technical capabilities and a powerful

CCM & CXM platform that help companies make complex digital transformations and

better respond to their customers' unique needs and wants. More information can

be found at: https://www.oneildigitalsolutions.com/.

William O'Neil (Shanghai) (WON Shanghai) is the China-based R&D hub of William

O'Neil + Company, providing a full range of R&D services for the group's

business divisions. WON Shanghai has a strong information technology team

engaged in new product development and continuous support of William O'Neil +

Company's flagship research tool PANARAY(R). More information can be found at:

https://www.williamoneil.cn/.

William O'Neil India Pvt Ltd (WON India) is a Registered Investment Advisor

regulated by the Securities and Exchange Board of India. WON India collects and

analyzes the corporate financial data of more than 70,000 global equities with

a team of experienced equity analysts who provide research recommendations to a

worldwide client base. WON India also provides investment tools and education

to the Indian retail investor via the MarketSmith India investment app. More

information can be found at: https://williamoneilindia.com/.

ABOUT OCM

O'Neil Capital Management is a private company and family office with

investment interests in asset management, real estate, printing, digital media,

brokerage, investment advisory, and information technology services. Its

investments and businesses are managed through wholly owned subsidiaries.

https://www.oneilcapital.com

MEDIA INQUIRIES

CONTACT: Paul Gin

pgin@williamoneil.com

310.448.6879

Source - O'Neil Capital Management