The Barclay Group, a leading independent provider of alternative investment research data, has announced that it has purchased the Alternative Asset Center (AAC) database, creating the world’s largest database of hedge fund performance.
“Integration of AAC and Barclay data will enable us to provide up-to-date monthly performance figures on nearly 7,000 hedge funds,” stated Sol Waksman, founder and president of The Barclay Group.
“Our internal database now maintains information on over 12,000 alternative investment vehicles," he added.
According to current industry estimates, there are 10,500 active hedge funds with more than USD 1.4 trillion in combined assets, and some analysts are expecting hedge fund assets to triple during the next decade.
“Given the dramatic growth of hedge funds in recent years, sophisticated investors need up-to-date and reliable tools to properly evaluate this sector,” noted Waksman.
“Barclay will now be able to deliver accurate and timely performance data on more hedge funds than any other provider in the industry," he added.
The combined resources of Barclay and AAC will be utilized to produce the 6th annual Directory of Fund of Hedge Funds scheduled for release in November and to maintain a product line that includes analysis software, proprietary indexes, publications, reports, and electronic data feeds.
The Barclay Group was founded in 1985 with the aim of increasing transparency in hedge fund and managed futures investing, and has created 26 proprietary indexes. Barclay provides hedge fund and CTA performance data to institutional investors, brokerage firms, and private banks worldwide.
AAC was established in 1999, and quickly constructed the largest proprietary fund of hedge fund database in the industry. Three well-known AAC products will be added to Barclay’s product line: the annual Directory of Fund of Hedge Funds, the Fund of Hedge Funds DataFeeder, and the Alternative Investment Manager DataFeeder.
“Barclay is perfectly positioned to expand and diversify our existing product offerings,” observed Nicolas Berner, Chief Operations Officer of Alternative Asset Center.
“Consolidation directly benefits our combined subscriber base, and broadens support for the asset managers who rely on our services," he concluded.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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