Chicago-based Hedge Fund Research Inc. (HFR), the leading provider of research and performance data on hedge funds, has announced a strategic alliance with Hedgeweek.
Hedgeweek is the weekly electronic newsletter covering essential news and features within the hedge fund industry.
Under the terms of the alliance, Hedgeweek and HFR will cross-sell and distribute each other's products to a joint database of around 10,000 registered users, representing one of the largest client databases in the industry.
HFR Inc. President Joshua Rosenberg said: "This alliance represents a tremendous opportunity for HFR to deliver a precise package of information demanded by investors around the world, backing HFR's data on over 2,400 hedge funds with comprehensive daily and weekly news on the alternative investment industry."
Hedgeweek Director Oliver Bradley said: "Hedgeweek is now delivered directly to the desktops of readers in over 26 countries around the world. This alliance with Hedge Fund Research takes us into the heart of the US investor market, giving managers and investors access to the most up-to-date information on the industry. It represents a major opportunity for product and service providers to tap into a high quality global readership."
Mr Bradley said: "In tandem with this alliance, we are developing several new features to strengthen the range of information available to managers and investors via our web portal. These will be launched over the next few weeks."
Hedgeweek and HFR Inc. expect to announce additional joint product offerings to their clients as these come on-stream over the next few months.
Background Note: Hedgeweek was launched in October 2002 and is part of the London-based Hedgemedia group, founded by financial publisher Sunil Gopalan and internet entrepreneur Oliver Bradley. Hedgeweek now reaches over 3,000 senior executives at hedge fund companies and investor groups worldwide.
Chicago-based HFR Group L.L.C, founded in 1993, is one of the global leaders in hedge fund data, research, indexation and asset management. The HFR Group companies include Hedge Fund Research, Inc., and HFR Asset Management L.L.C. Hedge Fund Research produces HFR Database, considered to be the industry's definitive source of hedge fund performance and information, and distributes the HFR Indices and HFRX, benchmarks of the hedge fund industry. HFR Asset Management offers a range of hedge fund investment products: funds of funds, single-manager funds and customized multi-manager funds in addition to the licensing rights for the investable indices. The HFR Group also has offices in London and Milan.