Ibbotson Offers HFR Database in EnCorr; Teams with Hedge Fund Research, Inc., the industry-leading hedge fund data provider.Business Editors CHICAGO--(BUSINESS WIRE)--Jan. 29, 2004 Ibbotson Associates, a leading provider of asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. and investment knowledge and tools, today announced that detailed hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" data from industry leader Hedge Fund Research, Inc. (HFR HFR Hedge Fund Research, Inc. HFR High Flux Reactor HFR Hedge Fund Returns (mergers/arbitrages) HFR Huge Fast Router (Cisco) HFR Hold for Release HFR Hybrid Fiber Radio HFR High Force Research ) will be added to Ibbotson's EnCorr analytical software Analytical software is software that is designed specifically for and development of a particular environment or object. . Now asset managers will be able to search, sort and analyze hedge funds based on more than 20 different criteria such as investment strategy, money manager and minimum investment requirement. They will then be able to build fund allocation recommendations with a combination of hedge funds, mutual funds and separately managed accounts. HFR Database also includes detailed contact information for each hedge fund. "With the exceptional growth in the number and usage of hedge funds, money managers need the ability to easily search, analyze and combine hedge funds into a traditional asset allocation," said Jim Ulbrich, product manager at Ibbotson Associates. "EnCorr will now allow investment managers to access the more than three thousand hedge funds that report to HFR, as well the domestic and international indices, macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. data and performance data we have been supplying for years, all on one convenient platform." EnCorr is a flexible tool for pension fund management consultants, money managers, plan sponsors, sophisticated independent advisors and financial product marketers. The software allows a user to analyze historical performance data; evaluate and monitor manager/fund style and performance; develop and implement an asset allocation policy with financial products such as hedge funds, mutual funds and separately managed accounts; and test and forecast portfolio performance with varying spending rates using Monte Carlo simulation Monte Carlo Simulation A problem solving technique used to approximate the probability of certain outcomes by running multiple trial runs, called simulations, using random variables. . Hedge Fund Research, Inc. is the industry's most respected source for hedge fund data and performance information. HFR Database consists of approximately 3,000 funds, and forms the foundation of HFRI HFRI Hedge Fund Research Performance Index (USA) HFRI Hedge Funds Research Institute (Monaco) Monthly Performance Indices--the industry's most widely used benchmark of hedge fund performance information. About Ibbotson Associates Ibbotson Associates, founded by Professor Roger Ibbotson in 1977, is a leading authority on asset allocation, providing products and services to help investment professionals obtain, manage and retain assets. The company's business lines include investment consulting and research; planning and analysis software; investment advice; educational and marketing services and a widely used line of NASD-reviewed presentation materials. With offices in Chicago, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Tokyo, Ibbotson Associates markets its integrated product line to institutional money managers, insurance companies, plan sponsors and consultants, financial planners, brokers, mutual fund firms, hedge funds, banks and small money managers. |
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