Morningstar spends $83 million in institutional foray

Morningstar Inc, the recently listed US research firm, has paid $US83 million to buy asset allocation firm Ibbotson Associates – a deal that will help its Australian subsidiary expand into the fund-of-funds and superannuation markets.

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Bravura proposes one platform to rule them all

Bravura Solutions is consolidating its recent acquisitions into a ‘next generation’ platform which it plans to launch in October. The platform will be for the entire financial services industry and already has a number of seed clients, according to the group’s new chief technology officer, Enda Mahoney.

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