Morningstar UK buys OBSR for £11.95m

OBSR's investment research and analyst team rates and recommends about 500 UK-domiciled and cross-border funds. Richard Downs, managing director of OBSR, says: "The investment and advice world is changing, particularly with the introduction of the RDR. "As part of Morningstar, we will be able to leverage its core skills in research, design, technology, and data to develop a best-in-class solution that builds on our experience in this area." Don Phillips, president of fund research for Morningstar, adds the acquisition strengthens its research capabilities and supports one of its...