Friday, 19 December 2014
Last updated 3 hours ago
Jul 21 2006 | 5:35pm ET
Mutual fund research giant Morningstar is making a big push into the hedge fund arena, paying $10 million for InvestorForce's Altvest database. The Altvest index covers more than 2,700 hedge funds and 1,700 managers.
As part of the deal, Chicago-based Morningstar will also acquire the other parts of Wayne, Pa.-based InvestorForce's database division: its separate account database and online software programs for manager searches, research and reporting. InvestorForce will license Morningstar's hedge fund, mutual fund and separate account data for its Web-based pension consultant platform. The deal is expected to close in August.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.