Morningstar Boosts Hedge Fund Resources With Altvest Acquisition

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of