Measurisk is an affiliate of J.P. Morgan Worldwide Securities Services and a 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, according to a press release.
“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., in the announcement. “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.”Fernandez added: “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.”