ValueAct Capital Sells More MSCI ~ market folly

Monday, June 6, 2016

ValueAct Capital Sells More MSCI

Jeff Ubben's activist investment firm ValueAct Capital has filed a Form 4 with the SEC regarding its position in MSCI (MSCI).  Per the filing, ValueAct sold 1.8 million shares on June 1st, 2nd, and 3rd at prices of $78.96, $78.69, and $76.21.

As we've highlighted previously, ValueAct has been trimming its MSCI stake throughout the year.

After these transactions, ValueAct now owns 1.87 million shares.

Per Google Finance, MSCI "together with its wholly owned subsidiaries, is a provider of investment decision support tools, including indexes, portfolio risk and performance analytics and multi-asset class market risk analytics products and services. The Company’s products include global equity indexes and environmental, social and governance (ESG) products marketed under the MSCI and MSCI ESG Research brands, its private real estate benchmarks marketed under the IPD brand, its portfolio risk and performance analytics covering global equity markets marketed under the Barra brand, its multi-asset class, market and credit risk analytics marketed under the RiskMetrics and Barra brands and its performance reporting products and services offered to the investment consultant community marketed under the InvestorForce brand."  

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