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Stock impact report

Third Wire Eyes Private Markets Evolution — Brings Investors New Fund Based on Morningstar PitchBook Buyout Replication Index [Yahoo! Finance]

Morningstar, Inc. (MORN) 
Company Research Source: Yahoo! Finance
Tue, February 18, 2025 at 3:18 PM GMT+1 7 min read First Fund to Offer Access to Morningstar Indexes' New AI-driven Private Equity Replication Index—No Lock-Ups, No Performance Fees, and Monthly Liquidity CHICAGO, February 18, 2025 BUSINESS WIRE )--Third Wire Asset Management, a team of industry veterans dedicated to improving access to alternative investments responsibly, has launched the Third Wire / Morningstar PitchBook US Buyout Replication Index Fund ("USBRIF" or the "Fund"). The Fund is the first to offer investors direct exposure to the newly launched Morningstar PitchBook Buyout Replication Index (the "Index"), which was developed to systematically capture the key characteristics of buyout investing by tracking publicly traded small- and mid-cap stocks that resemble companies in private equity buyout funds. USBRIF provides access to a strategy designed to provide a buyout-like risk/return profile with the transparency of public markets—offering daily pricing, monthly Show less Read more
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