Tuesday, 21 October 2014
Last updated 3 hours ago
Nov 14 2012 | 10:59am ET
Institutional investors are increasingly demanding comprehensive, integrated tools and data to handle their growing alternative investment allocations, eVestment says. And the institutional data provider has just gone a long way towards providing it.
Atlanta-based eVestment said yesterday that it had bought two well-known hedge fund-focused technology companies, Fundspire and PerTrac. The former provides cloud-based hedge fund analytics and the latter hedge fund analysis software and workflow solutions.
“Over the past several years, we have seen increasing movement towards a more hybrid model of investing, where alternative and traditional investments stand on equal footing,” Jim Minnick, co-founder and CEO of eVestment, said. “The united company allows us to broaden our footprint in this increasingly combined and singular marketplace, while maintaining our commitments to provide market-leading software and data solutions to both the traditional and alternative investment communities around the world with outstanding client service.”
Terms of the deal were not disclosed, but it leaves eVestment, which last year bought HedgeFund.net parent company Channel Capital Group, with some 2,500 clients and 250 employees around the world. eVestment said detailed integration plans will be developed over the next 90 days.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...