Mutual fund research giant Lipper said Tuesday that it had purchased a rival, London-based Fitzrovia International, for an undisclosed amount of money.

Fitzrovia, considered Lipper’s equivalent in London, specializes in the analysis of non-U.S. funds’ total expense ratios. In a statement, Lipper said it can now "provide clients with a truly global fund expense and data service in its software, datafeed and consulting products."

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