Tuesday, 28 April 2015
Last updated 1 hour ago
Sep 21 2011 | 2:28am ET
Institutional investment data provider eVestment Alliance has acquired the parent company of HedgeFund.net.
Atlanta-based eVestment said this week that it had bought Channel Capital Group. Terms of the deal were not disclosed, but the marriage will allow eVestment to merge its database of institutional strategies with HFN’s database of alternative strategies. eVestment will not rename HFN, which will continue to be run from New York.
“Recent investment trends show that our institutional clients are increasingly turning to alternative investments as part of their due diligence and ongoing portfolio allocations,” said eVestment founder Jim Minnick. “We believe that our combined company will be uniquely positioned to provide the most comprehensive, one-stop solution for investors to address their data and analytical needs on a global basis, while providing a single portal for in-depth views into both traditional and alternative investments.”
In addition to its database business, HFN, founded in 1997, provides research, indices and hedge fund news.
“Rapid changes are occurring in the hedge fund marketplace as institutional investors are allocating more to alternative assets and demanding even greater transparency as part of the manager due diligence process,” Joel Schwab, Channel Capital’s chief operating officer, said. “eVestment's impressive global institutional consultant and investor client base provides hedge funds a direct channel for increased visibility and asset placement opportunities.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…