Atlanta, Georgia – September 19, 2011 : eVestment Alliance (eVestment), a global provider of institutional investment data intelligence and analytic solutions, announces the acquisition of Channel Capital Group, owners of HedgeFund.net (HFN), a leading source for hedge fund data, research and news. Terms of the deal were not disclosed. The combined company will provide a single, global database serving institutional investment professionals who focus on either alternative or traditional investments, as well as “hybrid” investors who seek solutions to help them select and manage investments across both investment categories.
eVestment’s dataset of over 20,000 institutional strategies will be combined with HFN’s 18,000+ alternative strategies. Both will leverage the innovative eVestment Analytics system, the widely-used platform for online manager comparisons, research and competitive intelligence.
"Recent investment trends show that our institutional clients are increasingly turning to alternative investments as part of their due diligence and ongoing portfolio allocations,” said eVestment CEO and Founder Jim Minnick. “We believe that our combined company will be uniquely positioned to provide the most comprehensive, one-stop solution for investors to address their data and analytical needs on a global basis, while providing a single portal for in-depth views into both traditional and alternative investments.”
eVestment has developed its reputation as a global leader in investment manager data through the detail and coverage of its institutional database, being named the “Most Influential Database” by FundFire and ranked first in the top 10 list of “Must Be In” databases by Money Management Letter and iisearches. The company was founded in 2000 and headquartered in Atlanta, Georgia, from which it has expanded to include offices in London, Sydney, Hong Kong and regional sales offices in Boston, Seattle, Chicago, and Raleigh.
HedgeFund.net was founded in 1997 and is dedicated to providing accredited investors with access to data, research, news and informative content on hedge funds. It will retain its HFN brand name as a component of the eVestment database and will continue to operate from its New York offices.
“We are excited to join forces with eVestment and combine our established credibility with hedge funds with the most influential data and analytics provider in the institutional investment industry,” said Joel Schwab, COO of Channel Capital Group. “Rapid changes are occurring in the hedge fund marketplace as institutional investors are allocating more to alternative assets and demanding even greater transparency as part of the manager due diligence process. eVestment’s impressive global institutional consultant and investor client base provides hedge funds a direct channel for increased visibility and asset placement opportunities. Likewise, our customers are asking for more data and eVestment provides a global scale and institutional network of clients to expand and enhance our hedge fund data and analytics offerings.”