ValueAct Capital Continues To Reduce MSCI Stake ~ market folly

Wednesday, September 14, 2016

ValueAct Capital Continues To Reduce MSCI Stake

Jeff Ubben's activist firm ValueAct Capital has been reducing its stake in MSCI (MSCI).  That trend continued with the latest Form 4 they filed with the SEC.

On September 9th, 12th, and 13th, ValueAct sold a combined 225,000 MSCI shares at prices of $85.78, $85.45, and $84.99.  After these sales, Ubben's firm only owned 625,900 shares of MSCI.

In other recent activity from the firm, ValueAct also built up its Seagate (STX) stake.

Per Google Finance, MSCI "offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company's operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments. The Index operating segment is a provider of investment decision support tools, including equity indexes and equity index benchmarks. The Analytics operating segment consists of products and services used for portfolio construction, risk management and reporting. The ESG operating segment offers products institutional investors use for assessing risks and opportunities arising from environmental, social and governance issues. ESG tools are used to evaluate both individual securities and investment portfolios. The Real Estate operating segment is a provider of real estate performance analysis for funds, investors, managers, lenders and occupiers." 

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