Strategic Insight's parent may soon extend its reach in the mutual fund world. Jason Cassidy, senior vice president of strategy and development at Asset International (Strategic Insight's parent), confirmed that the New York-based firm is looking at another mutual fund research firm, Boston-based Financial Research Corporation (FRC).

"We're in conversations with FRC about buying select assets from them," Cassidy told MFWire.com, declining to comment further.

MFWire.com could not reach FRC chairman Bob Hedges or president Bob Jenkins for comment on the deal talks. Strategic Insight's Avi Nachmany declined to comment.

AI's hunger may not surprise fundsters. Over the past three years, AI parent Case Interactive Media has purchased: Strategic Insight [see MFWire.com, 7/30/2009], Australian firm Plan For Life [see our sister publication, The 401kWire, 1/4/2011], London publisher see The 401kWire, 6/25/2009] and AI itself, the parent of retirement plan magazine PlanSponsor [see The 401kWire, 12/16/2008].

As for FRC, the firm has transitioned ownership into the hands of a group of private investors, including Hedges and other FRC employees. And its former parent, Hedges' own Mercatus, just sold to AlixPartners [see MFWire.com, 8/11/2011]. 

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