HFN Owner Sold To Institutional Investment Data Co.

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.”


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR