News Snapshot:
Index provider MSCI said on Monday it will acquire the remaining 66% of Burgiss Group, a New Jersey-based provider of data and analytics solutions for investors, for $697 million in cash. The deal will boost MSCI's footprint in the private asset data analytics segment, as Burgiss's dataset covers over 13,000 private asset funds around the world, representing $15 trillion in cumulative investments in 195 countries. Dealmaking activity has been a sore spot since 2022. Higher interest rates have dried out liquidity and affected several top Wall Street firms, forcing them to slash hundreds of jobs, along with implementing other cost-cutting...
