Barra acquires Financial Engineering Associates

WatersTechnology Staff
01 Jan 2003

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Berkeley, CA -- Barra, a California-based risk management vendor with a number of buy-side clients, has bought sell-side financial analytics company Financial Engineering Associates (FEA). The acquisition of California-based FEA for $21.25 million is intended to expand Barra’s product offerings -- for example, in the hedge fund space -- as well as giving the firm a stronger foothold on the sell-side.

Pioneer

FEA, founded by risk management pioneer Mark Garman in 1989, is best known for its

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