Podcast Center
Video Center
Webcasts
Resource Center
Events
April 12, 2004 at 08:00 PM
NEW YORK (HedgeWorld.com)–Morgan Stanley Capital International Inc. and Barra Inc. announced today that MSCI would combine with Barra. The two boards of directors have approved, although the contract remains subject to regulatory and Barra shareholder approval.
The parties expect to close on this agreement within two to four months.
“Both companies are leaders in their respective fields, distinguished by a strong research focus and a drive to bring to market innovative products that are instrumental in managing investment portfolios, as well as enterprise-wide investments,” said Henry Fernandez, president and chief executive of MSCI, New York, in a joint statement released April 6.
Barra, headquartered in Berkeley, Calif., and founded in 1975, provides models and tools for financial risk management. In January 2004, for example, it introduced a new web-based system for analyzing credit risk, Barra Credit (see Previous HedgeWorld Story).
