ATLANTA--(BUSINESS WIRE)--eVestment, a leading provider of institutional investment data and analytics, today announced that it has entered into an agreement with Hedge Fund Research, Inc. (HFR) to offer HFR’s alternatives data and indices to clients of eVestment’s suite of Analytic solutions for institutional investors.
“Fundspire and PerTrac (acquired by eVestment in 2012) both had data relationships with HFR previously” states Jim Minnick, Founder and CEO of eVestment. “This agreement formalizes our ability to offer HFR data and indices across all analytics solutions from eVestment. This makes it easier for clients to move from one solution to another without worrying about data consistency.”
“HFR is pleased to offer the HFR Database and HFR Indices within an industry-leading suite of software platforms available from eVestment,” stated Scott J. Esser, Managing Director of HFR. “The continued presence of HFR within PerTrac and Fundspire, combined with the new availability of HFR data within all eVestment software platforms represents an exciting opportunity for both companies and our respective clients.”
eVestment Analytics users will be able to use both eVestment data and data from HFR to compare and analyze strategies for investment potential, monitoring or competitive research.
Established in 1992, Hedge Fund Research, Inc. (HFR) specializes in the areas of indexation and analysis of hedge funds. The HFR Database includes fund-level detail on historical performance and assets, as well as firm characteristics. HFR provides detailed fund classification systems, enabling granular and specific queries for relative performance measurement, peer group analysis and benchmarking.
eVestment provides a flexible suite of easy-to-use, cloud-based solutions to help the institutional investing community identify and capitalize on global investment trends, better select and monitor investment managers and more successfully enable asset managers to market their funds worldwide. eVestment helps its clients be more strategic, efficient and informed through its leading-edge technology, fantastic client service and by delivering data not only for alternative strategies, but also through the largest, most comprehensive global database of traditional strategies.