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.