S&P Capital IQ to Explore Strategic Alternatives for Fund Research Business
NEW YORK, Aug. 16, 2013 /PRNewswire-FirstCall/ -- S&P Capital IQ today announced that it has concluded an internal review of its product portfolio and is pursuing strategic alternatives for its Fund Research business, previously known as Funds Management Research or FMR.
To maximize value, the firm will explore a full range of alternatives for the business. During the process, the firm will continue to run its Fund Research business and fully support ongoing client activities.
The S&P Capital IQ Fund Research business is an independent, qualitative research service that provides assessments of fund manager investment process and operational consistency. Since its inception in 1990, the Fund Research team has assessed thousands of individual long-only equity, fixed-income funds, specialist funds and alternatives including funds-of-funds, hedge funds, absolute return and Ucits funds.
Following the internal review, S&P Capital IQ has also reaffirmed its ongoing commitment to its existing equity and fixed-income research, analytics, data and desktop solutions businesses.
About S&P Capital IQ
S&P Capital IQ, a part of McGraw Hill Financial (NYSE: MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information visit: www.spcapitaliq.com.
SOURCE S&P Capital IQ