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Morningstar throws more money -- and loses one of its own -- at keeping its stake in a Bloomberg-lite venture intact

The bullish Chicago data company leads a fourth round of funding for YCharts and one of its managers left to help the start up

Tuesday, June 2, 2015 – 5:03 PM by Lisa Shidler
Admin:
no description available
Shawn Carpenter: The reason we did the capital raise is growth has really accelerated pretty dramatically since mid-last year.

Related Moves

Tricia Rothschild is out at Apex in run-up to $4.7 billion IPO as an ex-Goldman exec assumes her day-to-day role and two ringers fill big jobs

The ex-Morningstar exec leaves president role after one year as ex-Google and ex-Nasdaq talents step into new CTO and CMO posts.

July 14, 2021 – 7:04 PM

Jeff Mello is latest to join eMoney's talent exodus but CEO Ed O'Brien says it's healthy renewal at a firm that added several hundred people since Fidelity bought it

The ex-Goldman Sachs director of strategy and planning at eMoney joins a growing list of departures exacerbated, sources say, by Fidelity putting a wobbly performance reporting software project -- and staff -- on its plate

February 28, 2020 – 11:09 PM

Pete Giza and Damon Deru go for Holy Grail of portfolio rebalancing with software that shuffles stocks, bonds... and asset classes; Believe it?

The RedBlack and TradeWarrior executives see old systems as 'archaic' yet know that the Black Diamonds, Morningstars, Orions and Tamaracs see rebalancing as a loss leader

June 11, 2019 – 9:49 PM

361 Capital has eight-year asset rise from $100 million to $1.7 billion then makes two people moves after net inflows slow to trickle

The liquid alts provider is a beneficiary of referrals from Lovell Minnick, which owns a stake, but will need to apply 'elbow grease' to marketing to keep pace with redemptions and the law of large numbers

November 27, 2018 – 6:10 PM


Mentioned in this article:

AppCrown, LLC
Outsourcer, CRM Software, Tech: Other
Top Executive: Ted Tsung

Morningstar, Inc.
TAMP
Top Executive: Joe Mansueto

YCharts
Data and ratings for RIAs
Top Executive: Sean Brown




Elmer Rich

Elmer Rich

June 9, 2015 — 4:29 PM

A reality-check is always good since tech is primarily fueled by hype and failure is the main outcome. The article seems useful for a hard-headed, non-industry POV – “Why Has “Social” Failed In Fintech?” The author points out the risks of challenging Bloomberg – “The joke in finance is that the Bloomberg terminal is the most expensive social network in the world at $2,500 a month. There’s truth to the joke. It’s been a winner-takes-all market. Reuters failed in the last decade to build an alternative network. And more recently in 2013, Markit partnered with every leading investment bank and competitor of Bloomberg and tried again. But it failed in less than a year.”

Link to full article – http://techcrunch.com/2015/06/08/why-has-social-failed-in-fintech/

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