Morgan Stanley Capital International Inc. (MSCI) has signed a merger agreement with Barra, Inc. to acquire the risk management analytics firm for approximately $816.4 million. MSCI will incorporate Barra's risk management research into its indices platform. Barra and MSCI will work together to research asset classes and develop across new products in response to the evolution of the financial markets.
MSCI is a leading provider of equity, fixed-income and hedge fund indices and related products and services. Close to 2,000 organizations worldwide currently use MSCI indices. MSCI estimates that over $3 trillion is benchmarked to its indices on