CheckFree Investment Services – a division of CheckFree Corporation is to distribute hedge fund data through CheckFree M-Search, an investment manager database and analytical software application. The data, covering more than 3,100 hedge funds, funds-of-funds and CTAs that report performance in U.S. dollars, is sourced from HedgeFund.net, a division of Channel Capital Group Inc.
CheckFree Investment Services provides outsourced trading, portfolio management, accounting, reporting services and data to broker/dealers, investment consultants and money managers in separately managed accounts.
Managed accounts mean private wealth advisers are taking a holistic approach to investing client assets by evaluating a range of financial products: mutual funds, ETFs and hedge funds. M-Search will now offer hedge fund data as well as mutual fund and ETF data.
“Aggregation of this data benefits investment consultants by providing a comprehensive solution to research, analyze and compare an array of investment products in a single tool,” says Alex Marasco, CheckFree Investment Services executive vice president and general manager. “The ability to include HedgeFund.Net data in a single repository also obviates the need for multiple vendor sources, enabling CheckFree clients to increase their efficiencies, better service clients and potentially reduce costs.”
As the US investment management industry’s main source of information on separately managed accounts and institutional investment managers, CheckFree M-Search offers data on over 1,250 firms and 5,500 products. It also offers screening and analytics of fund managers in the Möbius separate account database, along with mutual funds, exchange traded funds (ETFs) and now hedge funds. In addition to data, performance, risk and style analysis capabilities, CheckFree M-Search also provides investment consultants with reports for client presentations.
“Hedge funds have become an increasingly important asset class for a well-rounded portfolio,” says Donald C. Cacciapaglia, HedgeFund.net chairman and chief executive officer. “Using our industry-leading database of hedge fund information, CheckFree Investment Services will be able to provide its customers with research and data on this growing asset class.”
HedgeFund.net is a source of hedge fund news and performance data on the Web. It has a database of more than 3,750 hedge funds, funds-of-funds and CTAs.