Barclay Group Creates Worlds Largest Hedge Fund Database

Sep 8 2006 | 12:00am ET

Alternative investment research firm The Barclay Group has acquired the Alternative Asset Center database, making it the world’s largest database of hedge fund performance.

Barclay will take over publication of AAC’s Directory of Fund-of-Hedge Funds. The combined entity will track nearly 7,000 hedge funds and more than 12,000 alternative investment products, according to Barclay President Sol Waksman.

Waksman also said the database will “sustain an update velocity exceeding 90% in 30 days.”

The acquisition of the AAC database follows close on the heels of research firm Morningstar’s purchase of the Altvest hedge fund database from InvestorForce in July.

While hedge fund databases may be popular new revenue streams for some research firms, questions are being raised as to the value of the data they provide. The Wall Street Journal notes, in an article published earlier this week about hedge fund databases in Asia, that the numbers in the databases are generally furnished to the database operator by the hedge funds themselves, with little or no investigation into their veracity.

Peter Douglas, who works at Singapore consulting firm GFIA, tells the Journal he’s “rather skeptical about these numbers,” and it’s not hard to see why. According to the paper, Dynasty Asset Management alum Edward Mullen’s new Emperor Greater China Fund, which was launched just this summer, posts some six years of trading history on the Eurekahedge database. While the first three of those years match the performance of the now-defunct Dynasty fund, the latter three “are a good deal better,” the Journal reports.


In Depth

Hedge Funds Take Interest In ‘Soft Deposits’

Nov 19 2014 | 11:56am ET

New York-based Winchester Equities, headed by Avi Benamu and Jack Hazan, funds soft...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.