Saturday, 31 January 2015
Last updated 1 day ago
Jul 16 2010 | 5:58am ET
JPMorgan Chase has sold hedge fund risk solutions provider Measurisk to MSCI Inc.
Terms of the deal, which is set to close this month, were not disclosed. Measurisk, which is currently an affiliate of JPMorgan Worldwide Solutions Services, offers risk-transparency and risk-measurement products for hedge fund investors.
“The acquisition of Measurisk will bring together two leaders in the field of risk reporting and aggregation services for hedge fund investors—RiskMetrics HedgePlatform and Measurisk InterSight," said Henry Fernandez, MSCI CEO.
"Institutional investors, including pension funds, are demanding increasing levels of transparency from their hedge fund managers," he said. "This transaction will allow us to develop a common platform and to set the standard for analyzing and reporting hedge fund risk."
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…