Wednesday, 31 August 2016
Last updated 18 hours ago
Aug 13 2008 | 1:00am ET
Morningstar Inc. is expanding its hedge fund ratings to funds of hedge funds.
The Chicago-based investment research firm is bringing its famous star ratings to funds of funds, six months after rolling out ratings for single-manager funds. The fund of funds ratings are expected to be available by the end of the year, Investment News reports.
Morningstar divides hedge funds into 17 categories. Funds of funds will be divided into six to nine categories.