If you ever wanted to know where that multi-billion person fund keeps its money, Morningstar may soon have your answer.
The Chicago research firm today announced that it will launch a database of U.S. pensions, endowments and foundations, including information about their investment strategies, performance and portfolios.
“Comprehensive and timely public information about these institutions is lacking. Today's market environment only illustrates the need for a national public and private plan database," said Joe Mansueto, chairman and CEO of Morningstar. "We hope to bring greater transparency and an improved level of understanding to the industry.”
The database is set to debut next year, collecting some 300 data points from the institutional investors. There is no cost for institutions to participate, and Morningstar said is has received assurances from both public and private plans that they will participate.
By Marshall Saffer -- The past year has been a difficult one for hedge funds. Market conditions, regulatory emergency orders and volatility all affected the ability of funds to develop and maintain strategies that made for consistent performance. More...
By Pamela Schwab and Christina Erickson -- Two weeks out from the inauguration of President-elect Barack Obama, the buzz is building on what tools will shape the Obama administration’s economic stimulus plan. More...
Not many people can get away with interrupting legendary investor Carl Icahn in the middle of a speech, but the corporate raider’s fierce reputation did not dissuade Stanley Goldstein. More...