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Monday, January 26, 2004 Morningstar To Launch New Research Tool Morningstar, Inc. is creating a global hedge fund and private partnership database. The database will include participating funds' investment strategy, performance data, portfolio manager information, and operations data. The company plans to complete the project over the next year. Ryan Tagal is the product manager. The company will initially offer hedge fund information through Morningstar DataLab(R), a Web-based research product for institutional investment professionals and access to it will be restricted to accredited investors. "One of our goals in creating this database is to help make the hedge fund industry more transparent to all investors," said Joe Mansueto, chairman and CEO of Morningstar. "By offering this data, Morningstar will meet the needs of current hedge fund users as well as broaden exposure and understanding of hedge funds to an entirely new market of investors who are considering the use of these investment vehicles." Printed from: MFWire.com/story.asp?s=6547 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |