Under the ownership of the Cusp Communications Group, FEN expanded from an eight-page tabloid format to a bimonthly magazine averaging 54 pages per issue.
Financial Engineering News was a newspaper devoted to reporting on the news, events, people, significant innovations, debates, and issues in the field of quantitative finance; as it applies to the real-world of investment management, insurance, investment banking, commercial banking, financial regulation, and corporate finance.
By 2007 global circulation was approximately 18,000 for the print/digital magazine and 25,000 for the weekly e-mail newsletter Financial Engineering Today (or FET).
The readership included a high proportion of professionals who had earned or were in the process of earning the CFA (Chartered Financial Analyst), FRM (Global Association of Risk Professionals), and PRM (Professional Risk Managers International Association) and Society of Actuaries (SOA) accreditations, and readers who worked for commercial enterprises in the areas of risk management, asset management, financial analysis, trading (stock/bond/commodities/derivatives), corporate finance, and financial product development.
They were not exclusively Ph.D.’s in their field: it was written for financial professionals and managers who relied upon the techniques and concepts of quantitative finance in their professional careers, have a background in this area, but were looking for commercially relevant and accessible ideas, tools, news, insights, techniques and concepts that could be put to use in their jobs without the theoretical math.