September 08, 2006

Barclay's Move to Increase Hedge Fund Database

Barclay Group has acquired the Alternative Asset Center (AAC) database to create the world's largest hedge fund database. Barclay compiles performance data about the hedge fund industry. The company currently tracks performance for more than 5,500 hedge funds and managed futures investment programs.

Read my previous post titled "Most Hedge Funds to Stay Registered ", which was about the registration of hedge funds.

The addition of AAC database will enable the company to track 7,000 hedge funds with more than $1.4 trillion in assets. According to Barclay president, Sol Waksman, the dramatic growth in hedge funds in recent years, sophisticated investors need up-to-date and reliable tools to evaluate this sector in a proper way.

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September 8, 2006 in Strategy | Permalink




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