Reuters – Barclay Group, which compiles performance data about the hedge fund industry, on Tuesday said it acquired the Alternative Asset Center (AAC) database, creating what it said was the world’slargest such information source.
Fairfield, Iowa-based Barclay, currently tracks performance for more than 5,500 hedge funds and managed futures investment programs, according to its Web site, www.barclaygrp.com.
It said the addition of the AAC database will enable it to track 7,000 hedge funds, out of what it said was an industry that includes some 10,500 active hedge funds with more than $1.4 trillion in assets.
“Given the dramatic growth in hedge funds in recent years, sophisticated investors need up-to-date and reliable tools to properly evaluate this sector,” said Sol Waksman, Barclay president, in a statement.
