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MB Risk Management buys Cygnifi’s intellectual property
Financial analytics specialist MB Risk Management (MBRM) has bought the rights to use the software intellectual property of Cygnifi Derivative Services. Cygnifi was spun off from investment bank JP Morgan in February 2000 to develop applications for derivatives pricing, portfolio valuation, credit risk management and collateral management. The firm collapsed and filed for Chapter 11 bankruptcy in the fourth quarter of 2001.
MB
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