Reuters, the global information, news and technology group and Lipper, the leading fund analysis and research firm, announced today that Lipper has acquired the operations of Capital Access International, which provides institutional investor profile information and bond ownership analysis to thousands of fixed income professionals. Capital Access will be integrated within Lipper Inc., a wholly owned subsidiary of Reuters.
"Through acquiring Capital Access, we have joined Lipper's equity expertise and Capital Access' fixed income perspectives, creating a total-capitalization view of institutional ownership," said Michael Peace, chief executive officer of Lipper. "Additionally, Lipper can now benchmark and categorize mutual funds globally on peer asset allocation across both asset classes."
"We are extraordinarily excited to be part of the Reuters Group", said David Farrington, chairman and chief executive officer of Capital Access. "Merging the pan-buyside coverage and fixed-income proficiency of Capital Access with the mutual fund expertise, equities market skills, vast data resources and global reach of Lipper and Reuters will create a powerhouse of services for both buyside and sellside professionals."
Lipper and Reuters will leverage the Capital Access expertise by offering eMAXX to an expanded group of potential users across the Lipper and Reuters customer bases, including both traditional sell-side market segments around the world and new markets such as fund management firms, corporate treasury executives and investor relations professionals. Users of Reuters 3000Xtra will be offered Capital Access' products and services.
The Capital Access corporate brand is being replaced by the Lipper brand, while eMAXX and other products and services will join Lipper's product roster and retain their current names.
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