State Street Global Alliance acquired a minority interest in research and ratings firm GovernanceMetrics International. Terms were not disclosed. The alliance is jointly owned by State Street Global Advisors and the $172 billion Stichting Pensioenfonds ABP, Heerlen, Netherlands. As part of the deal, ABP, an initial investor in GMI, also transferred its interest to State Street Global Alliance.
GMI provides global corporate governance research and ratings on more than 2,600 companies in 21 markets.