Press Release – Cogent Consulting LLC today announced a free version of its HedgeTrak web-based broker review and evaluation service for hedge funds. HedgeTrak Lite enables hedge funds to properly value trading and research services provided by their brokerage firms, in anticipation of upcoming registration requirements, and to meet the competitive requirements demanded by clients.
HedgeTrak Lite is being released in the wake of a new generation of hedge funds being launched, demands for increased transparency around the use of research and the commission sharing arrangements used to pay for them, and the SEC’s proposed registration requirements for hedge funds. HedgeTrak Lite is based on the full version of Cogent’s industry leading solutions HedgeTrak and ResearchTrak which are used by money managers to evaluate services provided by more than 600 brokers and third party research providers worldwide. Cogent currently supports more than 100 client sites for firms managing in excess of $10 trillion.