Morningstar has bought fund ratings agency Old Broad Street Research for £11.95m.
OBSR managing directors Richard Downs, Richard Romer-Lee, and Nigel Whittingham will continue to lead the business. It will be called OBSR, a Morningstar company. Don Phillips, president of fund research for Morningstar says: "Our acquisition of OBSR strengthens our research capabilities in one of our key global markets by complementing our existing fund research team in London, and supports one of our growth strategies, which is to continue building our thought leadership in investment research." "The addition of OBSR will also help us expand our investment consulting presence in the...
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