SGAM Alternative Investments Selects Morningstar to Provide Hedge Fund Information to Institutional Clients
In addition to data, tools, and research, Morningstar to provide hedge fund
ratings and indexes based on its database of approximately 8,000 hedge
CHICAGO, June 5 /PRNewswire-FirstCall/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced that SGAM Alternative Investments (SGAM AI), a wholly owned subsidiary of Societe Generale Asset Management, has selected Morningstar to provide its institutional clients with hedge fund data, analysis tools, indexes, research, and ratings. Through its New York-based affiliate, SG Asset Management, Inc., SGAM AI will provide customized hedge fund portfolio advisory services to institutional investors. Morningstar has been developing a hedge fund rating methodology that will be similar in concept to its Morningstar Rating(TM) for mutual funds. The company expects to roll out the hedge fund rating system this summer. The company is also developing hedge fund indexes based on its database that has grown to approximately 8,000 hedge funds and funds of hedge funds. "In three years, we have built one of the largest -- if not the largest -- hedge fund and fund of hedge funds databases in the industry that also has great depth of information. The next step is to offer tools, benchmarks, ratings, and research that will allow qualified investors, advisors, and money managers to better compare and evaluate these once opaque investments," said John Rekenthaler, vice president of research for Morningstar. "The Morningstar tools and content will allow SGAM AI to offer its clients a high level of clarity and objectivity in hedge fund investing." Arie Assayag, global head of hedge funds for SGAM AI said, "The ability for an institutional client working with SGAM AI to obtain Morningstar's independent perspective on a portfolio relative to their investment objectives, should make investing in alternatives significantly more accessible than in the past. Our strategy, which focuses on the convergence of traditional and alternative investments, takes a significant step forward through our venture with Morningstar." About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment research in the United States and in major international markets. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutional clients. Morningstar provides data on more than 230,000 investment offerings, including stocks, mutual funds, separate accounts, hedge funds, and similar vehicles. The company has operations in 16 countries and minority ownership positions in companies based in three other countries. CONTACT: media, Morningstar contact, Alexa Auerbach, +1-312-696-6481, or firstname.lastname@example.org.RELATED LINKS
SOURCE Morningstar, Inc.