20 February 2018
visit www.nextgenbanking.co.uk/

Bear Stearns Asset Management acquires Measurisk

24 February 2004  |  14571 views  |  0 Bear Stearns Asset Management acquires Measurisk

Bear Stearns Asset Management (BSAM) has acquired Measurisk, a New York-based provider of risk management software, for an undisclosed sum.

BSAM teamed with minority partner - institutional brokerage Miller Tabak + Co - to purchase Measurisk, which has now been renamed Bear Measurisk.

Measurisk provides institutional investors and asset managers with risk transparency and risk measurement systems designed to assess, manage and communicate risk across multi-manager, multi-asset class, global portfolios.

The vendor's third party risk products are designed to address the needs of pension plans, endowments and foundations, insurance companies, hedge funds and funds of hedge funds.

Initially established as a joint venture between Micro Modeling Associates, Morgan Stanley Dean Witter, Bank of Bermuda and XL Capital, Measurisk temporarily ceased trading last year due to insufficient sales and high overheads.

Greg Quental, president and CEO, Bear Measurisk, says the firm will continue to operate in separate facilities and use separate systems to protect client confidentiality.

"Our clients will benefit greatly from our ability to leverage the resources and analytics capability of Bear Stearns while enjoying the continuity of service from a core management team they already know," he adds.

Commenting on the transaction, Rich Marin, CEO of BSAM, says: "Risk management is the cornerstone of our strategy and, as institutional investor demand for risk transparency increases, we believe that we will differentiate ourselves in the market with Bear Measurisk."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bear Stearns selects BroadVision for clearing services portal

Bear Stearns selects BroadVision for clearing services portal

18 February 2004  |  3602 views  |  0 comments
Bear Stearns selects Thomson One Banker

Bear Stearns selects Thomson One Banker

29 September 2003  |  5206 views  |  0 comments
Bear Stearns joins Hotspot FXi platform

Bear Stearns joins Hotspot FXi platform

09 April 2003  |  3231 views  |  0 comments
Fairfield Greenwich selects Measurisk ASP for hedge fund portfolio

Fairfield Greenwich selects Measurisk ASP for hedge fund portfolio

30 January 2002  |  2563 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit www.vasco.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11671 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9281 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9118 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7764 views comments | 13 tweets | 11 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7187 views comments | 19 tweets | 18 linkedin

Featured job

to £100K base, double OTE, benefits
London, UK

Find your next job