eVestment Buys Fundspire, PerTrac

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.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note