MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

Softbank's $91 million investment in Morningstar has given the Japanese firm a 20 percent interest in the Chicago-based mutual fund information company. When combined with existing funds, the proceeds from Softbank's investment give Morningstar approximately $100 million to invest in its Internet and on-line businesses.

JP Morgan & Co. says Sungard Data Systems' Infinity subsidiary, the publisher of risk management software, has joined the technical committee sponsoring the FpML (financial pr