Tuesday, 5 May 2015
Last updated 3 hours 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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…