Friday, 21 October 2016
Last updated 15 min ago
Mar 3 2006 | 12:00am ET
Morningstar, well-known for ranking mutual funds, is gearing up to publish independent reports on the hedge fund industry, as well as reports on individual firms.
The Chicago-based company already tracks hedge funds with a database containing over 2,600 funds, but the new reports will be more comprehensive and aim to help investors wade through the estimated 8,500-stong hedge fund universe.
Morningstar recently hired analysts to conduct in-depth interviews of both small and large hedge funds. The firm is still deciding the format the reports will take, as well as the frequency with which they will be published.