Buys Weiss Ratings

How the times have change: was trying to sell itself a year ago, and had disposed off its independent research arm. Now that phase is over, things are moving along, and it plans to stay indie, it seems.
The news: it has bought the ratings business of financial advisory company Weiss Group for undisclosed terms. Weiss Ratings tracks the risk-adjusted performance of more than 16,000 mutual funds and more than 6,000 stocks, and also uses proprietary quantitative computer models to evaluate the financial strength of more than 13,000 financial institutions, the company said.
TSCM will incorporate the ratings division’s content into free advertising supported and paid subscription services.
Some more details in the release here.

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