MSCI snaps up Measurisk

MSCI snaps up Measurisk

Fresh from its $1.5 billion acquisition of RiskMetrics, investment analysis and index firm MSCI has snapped up JPMorgan affiliate Measurisk, a provider of portfolio risk monitoring service to hedge funds.

The deal, which remains subject to customary closing conditions, is expected to close at the end of July.

Henry Fernandez, chairman and CEO, MSCI says the agreement will lead to the merger of RiskMetrics' HedgePlatform with Measurisk's Intersight service.

"Institutional investors, including pension funds, are demanding increasing levels of transparency from their hedge fund managers," he says. "This transaction will allow us to develop a common platform and to set the standard for analysing and reporting hedge fund risk."

JPMorgan, which inherited Measurisk from its take-over of Bear Stearns in 2008, says it will continue to offer Measurisk services to its clients alongside other proprietary tools.

Susan Ebenston, head of global funds services, JPMorgan Worldwide Securities Services, says: "JMorgan...will continue to utilise both proprietary and external capabilities to bring the best solutions to our client base of asset managers and institutional investors."

She adds: "We believe that Measurisk will be able to realise its full growth potential by being added to the MSCI risk solutions set."

The terms of the transaction were not disclosed.

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