Saturday, 13 February 2016
Last updated 4 hours ago
Feb 10 2009 | 12:05pm ET
Sometimes there is such a thing as a free lunch in the hedge fund world. HedgeACT has unveiled a new website to improve hedge fund transparency and communication between investors and fund managers by providing investors with free access to hundreds of data points and analytics for more than 7,500 hedge funds.
Additionally, hedge funds and hedge fund administrators will have the ability to augment Morningstar Inc.’s data with their own vetted information on fund performance, track record and other important investor criteria. HedgeAct has licensed the data from the Chicago research firm.
“As a former hedge fund executive, I know first-hand how important transparency is during the capital allocation process,” said Michael Griffin, founder and CEO of HedgeACT. “This is a difficult time for many hedge fund investors, and we think that giving them better information will make the entire analysis and allocation process much better for everyone involved.”
The “ACT” in HedgeACT.com refers to the site’s three key benefits for the hedge fund community, including analytics, capital introduction and transparency.