eVestment, a leading provider of institutional investment data and analytics, today announced that it has entered into an agreement with Morningstar, Inc. to make Morningstar data available to eVestment’s suite of Analytic solutions, which includes the PerTrac and Fundspire analytics solutions. More than 2,500 clients worldwide, including 500+ of the world’s largest institutional consultants, investors, and other allocators, rely on eVestment’s Analytics platform for manager selection, monitoring, and competitive analysis. eVestment subscribers frequently serve clients with interests across the retail, high net worth, and institutional markets. This expanded data will allow eVestment Analytics users a way to further model the multitude of different vehicle options available to investors.
“Morningstar’s data complements our extensive database of institutional investment strategies to better serve clients with global operations and mixed clientele,” states Jim Minnick, Founder and CEO of eVestment. “The agreement spans the eVestment Analytics solution suite – including Analytics solutions from PerTrac and Fundspire, which eVestment acquired in 2012. As we continue to integrate offerings, clients will be able to move much more easily from one solution to another – using the same data across our entire platform.”
The agreement covers the following data from Morningstar: open-ended mutual funds, money market funds, closed-end funds, exchange-traded funds, variable annuities, insurance group separate accounts, the Morningstar Category classifications and the Morningstar MSCI Hedge Fund Indices. This data is available globally or by region, including: Africa, Asia, Australia, Europe, Middle East, North America and Offshore.
About eVestment (www.evestment.com)
eVestment provides a flexible suite of easy-to-use, cloud-based solutions to help global investors and their consultants select investment managers, enable asset managers to successfully market their funds worldwide and assist clients to identify and capitalize on global investment trends. With the largest, most comprehensive global database of traditional and alternative strategies, delivered through leading-edge technology and backed by fantastic client service, eVestment helps its clients be more strategic, efficient and informed. The company was founded in 2000 and is headquartered in Atlanta, Georgia with global offices in New York, London, Sydney and Hong Kong. eVestment recently acquired PerTrac, a leading provider of robust, hedge fund analysis software and workflow solutions, and Fundspire, an innovative, cloud-based technology provider of hedge fund analytics.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 433,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on nearly 10 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately $166 billion in assets under advisement and management as of June 30, 2013. The company has operations in 27 countries.
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