Mon, Oct 5, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

InvestorForce acquired by MSCI

Wednesday, January 23, 2013
Opalesque Industry Update - More merger and acquisition news, following on from the announcement that ConvergEx is selling Eze Castle Software and RealTick, comes with MSCI's statement that it has entered into a definitive agreement to acquire Investor Force Holdings, Inc., an ICG company and a provider of performance measurement and reporting software to institutional investment consultants in the United States. The transaction is expected to close in the first quarter of 2013, subject to customary closing conditions.

“We believe the combination of MSCI and InvestorForce presents a unique opportunity to strengthen the network between asset owners, investment consultants and managers around the world,” said Henry Fernandez, Chairman and CEO, MSCI Inc. “This acquisition enhances MSCI’s position as a leader in performance analysis and risk transparency and furthers our goal of providing investment decision support tools to institutional investors across all client segments and asset classes.”

Jim Morrissey, CEO of InvestorForce, said, “InvestorForce’s goal has long been to drive efficiencies for and expand the influence of the investment consultant. We believe that becoming part of MSCI, with its global footprint and resources, will significantly enhance our ability to do just that. MSCI’s risk management products, including Barra and RiskMetrics, and its strength in benchmarking make it a natural fit for the InvestorForce performance reporting platform, and we are very excited about the benefits this transaction will bring to our clients and employees.”

“InvestorForce’s powerful suite of tools, including performance reporting and peer benchmarking analytics, strongly complements MSCI’s performance measurement and risk management analytics products and services,” Mr. Fernandez added. “The acquisition will enable us to strengthen our existing relationships with investment consultants and broadens our role as a key provider of tools to the pension and consultant community.”

InvestorForce is a provider of performance reporting solutions to the institutional investment community in the United States, providing investment consultants with an integrated solution for daily monitoring, analysis and reporting on institutional assets. InvestorForce’s technology leverages automated data collection to provide institutional investment consultants and their institutional investor clients with greater operational efficiencies and real-time insight, transparency and deeper analysis into investment portfolios. The InvestorForce platform is used by institutional investment consultants to report on over $3.5 trillion of assets for over 3,500 institutional plans.

The total consideration for Investor Force Holdings, Inc. is $23.5 million, subject to a final working capital adjustment. The acquisition will be funded through existing cash and is not expected to have a material impact on MSCI’s results of operations.

Davis Polk & Wardell LLP acted as legal advisers to MSCI.

Press Release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid

  5. Performance - Manager admits spin used to hide poor performance, Fortress macro hedge fund slumps 17.2% amid manager shakeup, In the hedge fund world, bigger is still better[more]

    Manager admits spin used to hide poor performance From … Colin McLean, managing director of SVM Asset Management, told FTAdviser that fund managers underperform all the time, so stories are often needed to mask or explain this. “People need to build a good framework