State Street Global Alliance has announced a definitive agreement to buy a minority interest in GovernanceMetrics International.

GovernanceMetrics is a New York global corporate governance research and ratings firm that publishes corporate governance ratings on companies in 21 markets. It generates revenue by offering information to subscribers that include corporate and professional advisory firms, institutional investors, mutual funds, money management firms, pension funds and government agencies.

Details of the deal were not released. State Street Global Alliance is a strategic joint venture owned by State Street Global Advisors and Stichting Pensioenfonds, a Dutch pension fund. State Street Global Advisors is the investment management group of State Street Corp. in Boston.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.