|CheckFree Investment Services to Provide Extensive Hedge Fund Data in Its M-Search Database Through Agreement With HedgeFund.net|
Wednesday October 20, 9:10 am ET
- Enhancement will offer investment consultants a comprehensive solution for researching and analyzing an array of financial products -
ATLANTA and JERSEY CITY, N.J., Oct. 20 /PRNewswire-FirstCall/ -- CheckFree Investment Services, a division of CheckFree Corporation (Nasdaq: CKFR - News), today announced the availability of a range of hedge fund data through CheckFree M-Search, the leading investment manager database and analytical software tool. The data, representing 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 is the leading provider of outsourced trading, portfolio management, accounting, reporting services and data to broker/dealers, investment consultants and money managers in separately managed accounts.
Through the unified managed account (UMA), investment professionals are taking a holistic approach to investing client assets by, in part, evaluating a range of financial products: managed accounts, mutual funds, ETFs and hedge funds. With this latest enhancement, M-Search can now make available in one powerful and sophisticated desktop tool the data on all of these vehicles.
"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," said 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 investment management industry's leading source of information on separate account and institutional investment managers, CheckFree M-Search offers comprehensive qualitative and quantitative data on over 1,250 firms and 5,500 products. CheckFree M-Search offers integrated screening and analytics of managers in the Mobius 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 high-quality reports for client presentations.
"Hedge funds have become an increasingly important asset class for a well- rounded portfolio. 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," said Donald C. Cacciapaglia, HedgeFund.net chairman and chief executive officer. . .