Allegro announces the acquisition of FEA

Allegro announced this morning that they had acquired energy and commodity risk and analytics firm Financial Engineering Associates (FEA) from MSCI, who had previously bought FEA as part of their acquisition of Barra in 2004.  Founded in 1990, FEA has long been a staple of the energy risk markets, first with their very successful Excel-based risk plug-ins – used by energy trading companies and often packaged with vendor supplied solutions; and in more recent years, with more standalone and programmatic risk and analytics capabilities.  Having said that, under the MSCI brand and despite the firm’s sophisticated risk capabilities, in recent years they seem to have not been in the front and center of the ETRM/CTRM market as they had been in the late 1990’s and early 2000’s. Given Allegro’s market presence, its likely this acquisition will bring new energy, and new investment, into the products and the resources brought onboard as part of the purchase.  As noted by Allegro’s press release, “FEA’s trade and portfolio level analytic solutions are a natural strategic fit with Allegro’s distribution channels, investment strategy, and extensible CTRM software suite.”  Frank Brienzi, Allegro’s CEO, also noted in the press release that, “…current and future Allegro and… continue reading
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