PerTrac Financial Solutions and Hedge Fund Research (HFR) has introduced a new investment database product featuring funds of hedge funds (FOF) exclusively. The new database is now available for use with the PerTrac Analytical Platform software application.
The new HFR FOF Database contains information on the more than 2,100 funds of hedge funds. Investment records detail each fund’s monthly return history as well as asset figures, fund fees, entry and exit terms and selected manager information.
“We’re delighted to add the HFR FOF Database to the extensive line-up of alternative and traditional investment database products available for use with the PerTrac Analytical Platform,” said Gerald Mintz, PerTrac’s president and CEO. “Our clients have long enjoyed access to the original HFR Database, and we’re pleased to now offer the HFR FOF Database to PerTrac users who are particularly interested in that segment of the investment universe. In addition, the PerTrac ID system facilitates unique universe construction, and investors are better equipped than ever to add databases like the HFR FOF database to their data arsenal, improving their fund screening and selection capabilities.”
The PerTrac ID system removes duplicates, providing a key tool for users that subscribe to more than one database. In addition, with the PerTrac IDs, users can build a universe of funds of hedge funds data and link the new data to the funds that already exist in their own data records without having to worry about replication.