Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Morningstar Clients to Get Hedge Fund Data as Assets Soar

Don't Miss Out —
Follow us on:

March 28 (Bloomberg) -- Morningstar Inc. will partner with Hedge Fund Research Inc. to provide investment information to institutional clients in an industry where assets have surpassed $2 trillion.

Morningstar, which is based in Chicago and provides data on about 375,000 investment offerings, will offer hedge fund data to 1,700 institutional customers that use Morningstar Direct globally, according to a statement today from Hedge Fund Research, also based in Chicago. Hedge Fund Research produces the HFRX and HFRI hedge fund indexes as well as a database of fund performance and assets, according to the statement.

Morningstar is expanding its offerings as investors seek assets outside traditional stocks and bonds. Hedge funds attracted $70 billion in 2011, bringing assets to a record $2.02 trillion, according to data from Hedge Fund Research.

“Our clients have requested additional alternative investment content,” Chris Boruff, president of Morningstar’s software unit, said in the statement. “Teaming up with HFR complements our efforts to make Direct a comprehensive platform for institutional investors and asset managers.”

Institutions will have the option to get access to Hedge Fund Research’s data if they have the appropriate licenses, Joanna McGinley, vice president of core institutional software for Morningstar, said in a telephone interview. Hedge Fund Research’s indexes will be available for Morningstar subscribers at the beginning of April, McGinley said.

To contact the reporter on this story: Alexis Leondis in New York at aleondis@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.