MSCI agreed to acquire Measurisk, a provider of risk-analytical tools for hedge funds, from J.P. Morgan Worldwide Securities, according to an MSCI statement on its website Thursday.
Terms were not disclosed.
“Institutional investors, including pension funds, are demanding increasing levels of transparency from their hedge fund managers,” Henry Fernandez, MSCI chairman and CEO, said in the statement.
The transaction will allow MSCI to develop a common platform for analyzing and reporting hedge fund risk by bringing together the two players in the field of risk reporting and aggregation services for hedge fund investors — MSCI’s RiskMetrics HedgePlatform and Measurisk InterSight, the statement said.
J.P. Morgan will continue to provide risk and performance analytics through J.P. Morgan Investment Analytics and Consulting, using both proprietary and external resources, for its client base of investment managers and fund executives, Susan Ebenston, head of global funds, J.P. Morgan Worldwide Securities Services, said in the statement.
“We believe that Measurisk will be able to realize its full growth potential by being added to the MSCI risk solutions set,” she added.
This deal, following MSCI's acquisition of RiskMetrics Group, which was completed in June, “will further our leadership position in risk management services for hedge funds and hedge fund investors," Mr. Fernandez said in the statement.
MSCI expects the deal to close at the end of July, the statement said.