PrivateRaise.com announced it will expand its coverage to the hedge fund marketplace.
“We believe the institutional investment community could benefit meaningfully from our forthcoming hedge fund analytical database,” E. Kurt Kim, chief executive of PrivateRaise.com, said. “Much disparity exists today regarding hedge fund performance and risk evaluation. We believe our offerings will create greater transparency in the hedge fund marketplace, providing investors and observers with simple, but powerfully enhanced insights and analytics.”
PrivateRaise’s goal is to be a primary source for quantitative hedge fund return and risk information and analytics. “Despite recent dramatic growth in the hedge fund community, we believe this industry remains in its infancy,” Kim said. “The pace and consistency of such growth will depend, in part, upon greater informational efficiency to which we plan to be a positive contributor. Much like the marketplace for equity and equity-linked private placements, we believe the hedge fund marketplace participants could benefit from our ability to aggregate and codify data and to provide users with enhanced tools with which to analyze such data.”