Thomson Fills Quant Gap With QAI Buy
ORGANIZATION & STRATEGY
Thomson Financial last week announced plans to acquire Quantitative Analytics Inc. (QAI), a Chicago-based provider of integration and analysis software, for an undisclosed sum. The deal is expected to close this month.
Eric Frank, global managing director of Thomson's investment management division, says the goal is to boost Thomson's presence among quantitative analysts who screen, back-test and model portfolios. "When we looked at where our capabilities weren't as strong as we would like… we
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