Measurisk fights for survival


Measurisk, the New York risk management specialist, is looking for a merger partner or refinancing as an alternative to shutting up shop permanently, as the consolidation of companies providing risk monitoring for hedge funds gets underway.

Andrew Lapkin, Measurisk's chief operating officer, acknowledged that the company's future is under consideration. "We are looking at a number of options," he says.

Measurisk is a private company with the equity held by employees, board members and several key investors led by XL Capital, an insurance, reinsurance and financial products provider. Key partners include the World Bank, with whom Measurisk's hedge fund transparency