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


Jun 05, 2007, 01:00 ET from Morningstar, Inc.

    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
     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,

SOURCE Morningstar, Inc.