Investment services firm MSCI Inc. is buying Measurisk, an affiliate of J.P. Morgan Worldwide Securities Services that provides risk-transparency and risk-measurement solutions for hedge fund investors.

The price was not disclosed, and the deal remains subject to customary closing conditions. The transaction is expected to close at the end of July. MSCI said the acquisition is not expected to have a material impact on its results.

“The acquisition of Measurisk will bring together two leaders in the field of risk reporting and aggregation services for hedge fund investors – RiskMetrics HedgePlatform and Measurisk InterSight,” said Henry Fernandez, chairman and CEO of MSCI, noting that this deal follows MSCI’s recently completed acquisition of RiskMetrics Group.

“Institutional investors, including pension funds, are demanding increasing levels of transparency from their hedge fund managers. This transaction will allow us to develop a common platform and to set the standard for analyzing and reporting hedge fund risk,” he added.

IE