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 (financialOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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