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Synopsis
Wilshire, a global financial services firm, completed the acquisition of ParkLexington, a data and analytics firm. Financial terms were not disclosed. “ParkLexington’s ability to help investment managers unlock opportunities to drive operational alpha is unique in the industry. The proprietary data and dynamic analytics the company has developed and tailored for asset managers is an ideal complement to Wilshire’s existing cost analytics capabilities for asset owners. The ParkLexington capability solidifies Wilshire’s position as a market leader in helping investors improve outcomes across the entire value chain of performance, manage risk, and cost,” Jason Schwarz, Wilshire CEO.
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