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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...