BSAM Acquires Measurisk

February 23, 2004 ( - Bear Stearns Asset Management Inc. (BSAM) has acquired Measurisk.

The Bear Stearns Companies Inc subsidiary, in conjunction with minority partner Miller Tabak, acquired the provider of risk transparency and risk measurement solutions designed to help assess, manage and communicate risk across multi-manager, multi-asset class, and global portfolios.   Per terms of the deal, Measurisk has been renamed Bear Measurisk, according to a news release.

With the acquisition, BSAM intends to provide independent, third party risk solutions designed to address the needs of pension plans, endowments and foundations, insurance companies, hedge funds and funds of hedge funds.