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  "docSlug": "9250edf61831",
  "documentTitle": "MSCI Inc. (MSCI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-01-17 00:00:00",
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  "notes": "The slide highlights a negative trend in client growth, specifically calling out the Q3 2023 decline with a red highlight.",
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      "text": "After a strong period of client growth, we observe that MSCI reported a decline in clients in Q3 2023 and they have not expanded their reach across more countries globally.",
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      "text": "Client count: 6,500",
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      "text": "After a strong period of client growth, we observe that MSCI reported a decline in clients in Q3 2023 and they have not expanded their reach across more countries globally.",
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      "text": "1) Included Real Capital Analytics clients of 1,600\nSource: MSCI SEC filings",
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      "text": "Clients Disclosed By MSCI table showing years 2018-2022 and quarters Q1'23, Q4'23, Q3'23 with client counts and country counts.",
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      "text": "MSCI Clients Declined For The First Time In Years",
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