Research Associates to Sell RAFI Indices to TMX Group

Paul, Weiss is advising investment advisor Research Affiliates Global Holdings, LLC, in its C$683 million (US$490 million) sale of RAFI Indices, LLC to Toronto-based TMX Group Limited. The sale of RAFI Indices, a specialized company founded by Research Associates that creates, calculates and maintains market benchmarks, is expected to close by the end of the third quarter of 2026.

The Paul, Weiss team is led by corporate partners David Hepp and Matthew Collin, and included counsel Martin Ziessler, Meir Lax and Harshini Kanduru; intellectual property partner Jonathan Ashtor and counsel Hilary Smith; tax partner Reuven Garrett; executive compensation partner Jean McLoughlin and counsel Cindy Akard; and litigation partner John Carlin.