MSCI to Acquire Measurisk
NEW YORK, Jul 15, 2010 (BUSINESS WIRE) -- MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services, announced today that it has entered into a definitive agreement to acquire Measurisk, an affiliate of J.P. Morgan Worldwide Securities Services and a leading provider of independent risk-transparency and risk-measurement solutions for hedge fund investors. The deal, which remains subject to customary closing conditions, is expected to close at the end of July.
"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, Chairman and CEO, MSCI Inc. "Institutional investors, including pension funds, are demanding increasing levels of transparency from their hedge fund managers. This transaction will allow us to develop a common platform and to set the standard for analyzing and reporting hedge fund risk."
"J.P. Morgan provides leading risk and performance analytics through J.P. Morgan Investment Analytics and Consulting and will continue to utilize both proprietary and external capabilities to bring the best solutions to our client base of asset managers and institutional investors," said Susan Ebenston, head of global funds services, J.P. Morgan Worldwide Securities Services. "We believe that Measurisk will be able to realize its full growth potential by being added to the MSCI risk solutions set."
"This exciting development follows MSCI's recently completed acquisition of RiskMetrics Group and will further our leadership position in risk management services for hedge funds and hedge fund investors," Mr. Fernandez added.
The terms of the transaction were not disclosed. The acquisition is not expected to have a material impact on MSCI's results of operations in fiscal year 2010.
About MSCI Inc.
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics, and governance tools.
The company's flagship product offerings are: the MSCI indices which include over 120,000 daily indices covering more than 70 countries; Barra portfolio risk and performance analytics covering global equity and fixed income markets; RiskMetrics market and credit risk analytics; ISS governance research and outsourced proxy voting and reporting services; FEA valuation models and risk management software for the energy and commodities markets; and CFRA forensic accounting risk research, legal/regulatory risk assessment, and due-diligence. MSCI is headquartered in New York, with research and commercial offices around the world. MSCI#IR
For further information on MSCI, please visit our web site at www.msci.com
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of J.P. Morgan Chase Bank, N.A., WSS leverages the firm's global scale, leading technology and deep industry expertise to service investments around the world. It has $15.3 trillion in assets under custody and $6.5 trillion in funds under administration.
For more information on J.P. Morgan Worldwide Securities Services, go to www.jpmorgan.com/visit/wss
Forward-Looking Statements
This press release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance, or achievements. We assume no obligation to publicly update or revise the forward-looking statements contained in this press release.
For further information regarding specific risks and uncertainties applicable to MSCI please see our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.
SOURCE: MSCI Inc.
MSCI Inc. Contact:
Edings Thibault, MSCI, New York, +1.212.804.5273For media enquiries, please contact:
Kenny Juarez, Abernathy MacGregor, New York, +1.212.371.5999
Sally Todd, Penrose Financial, London, +44.20.7786.4888
Copyright Business Wire 2010