Morningstar expands hedge-fund product line
Morningstar apparently wants to play the same role in the hedge-fund universe that it does in the mutual funds universe. To that end, it announced it will spend $10 million to acquire the institutional hedge fund and separate account database division of InvestorForce. That gives Morningstar the Altvest database of hedge funds and managers. How it merges resulting services into its service lineup will be interesting.
> Check out the AP article.
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