Hedge fund databases are online databases that collect and publish information and performance results from hedge fund managers who list their fund.  Usually these databases are open to accredited investors who subscribe to the website.

Aside from providing basic information on the hedge fund, including the name of the fund, the manager, and contact information, the database will usually include performance results, fees, and other additional strategy and structure information.  The extensiveness of the listing, as well as the amount of funds available for viewing, depends on the database.

For hedge fund managers, databases serve as a way to obtain investors and publish their fund’s information to a wider audience.  Most websites require that the manager update their performance reports on a monthly or quarterly basis, and the cost to both list and update information is free.  Often there are also additional requirements for a manager to list a fund, such as a minimum track record or minimum length of active performance, but this also depends on the individual database.

We have compiled a list of popular online databases, which are listed below.  Information on these databases will be updated appropriately as the websites’ policies and fees change throughout the year.

****

Database: Hedgefund.net

Leading Source for Hedge Fund Performance, News and Information

UPDATE: Information from below has been deleted because it was not up to date according to a representative at hedgefund.net.

For Managers:

• Requirements (to list fund):
• Minimum Track Record:

For Investors:

• Number of Funds:
• Updated:
• Fee Structure:
• Who Can Subscribe:

Database: Hedgeco.net

The Leading Free Online Hedge Fund Database and Source of News on Hedge Funds

For Managers:

• Requirements: Offering Documents, PPM Documents
• Minimum Track Record: No

For Investors:

• Number of Funds: Around 7,000
• Updated: Daily
• Fee Structure: Offers free Basic Membership and Diamond Membership for $10,000 per year
• Who Can Subscribe: Pension plans, family offices, consultants, funds of funds, banks, insurance companies, foundations, endowments, and qualified private investors

Database: Hedgefundresearch.com

For Analysts and Investors Who Demand Access to the Broadest Universe of Hedge Funds

For Managers:

• Requirements: One month of active performance
• Minimum Track Record: None

For Investors:

• Number of Funds: Over 6,500 funds and fund of funds
• Updated: Bi-weekly
• Fee Structure: Offers HFR Manager Access Package, which includes access to HFR’s five main strategy databses for $2,500, or one year subscription to HFR Database for $7,000
• Who Can Subscribe: Accredited investors

Database: Barclayhedge.com

Research on Hedge Funds, Fund of Funds, and Managed Futures/Alternative Investments

For Managers:

• Requirements: One active month of performance
• Minimum Track Record: None

For Investors:

• Number of Funds: 5,723 (Global); 4,675 (Hedge Fund); 2,846 (Single Manager)
• Updated: Bi-monthly
• Fee Structure: $6,000 for annual subscription (Global); $4,500 (Hedge Fund); $3,500 (Single Manager); and accredited investors or those who work for an accredited institution can use the Barclay DataFinder for Free
• Who Can Subscribe: Accredited investors

Database: Corporate.morningstar.com

A Leading Provider of Independent Investment Research in North America, Europe, Australia, and Asia

For Managers:

• Requirements: Questionnaire, PPM/Offering Documents/DDQ or other fund documents
• Minimum Track Record: None

For Investors:

• Number of Funds: Offers access to 8,000 U.S. and international funds
• Updated: Monthly
• Fee Structure: $179 annual membership, $19.95 monthly membership
• Who Can Subscribe: Fund of funds, family offices, consultants, mutual fund companies, other investment managers

Database: Lipperweb.com

The Leading Independent Industry Source of Hedge Fund Performance Data

For Managers:

• Requirements: Lipper TASS Questionnaire, latest version of Prospectus/Offering Document/PPM, most recent Audited Financial Statements
• Minimum Track Record: None

For Investors:

• Number of Funds: 6,300
• Updated: Daily
• Fee Structure: $8,040 annual subscription
• Who Can Subscribe: Accredited investors

Database: Casamhedge.com

The Oldest CTA and Hedge Fund Database in the Market and the Source of Data for the CASAM and CISDM Indices

For Managers:

• Requirements: None
• Minimum Track Record: None

For Investors:

• Number of Funds: Offers access to 4,500 hedge funds, fund of funds, and CTAs
• Updated: Monthly
• Fee Structure: Free
• Who Can Subscribe: Accredited institutional investors, registered investment advisors

Database: Eurekahedge.com

Provides the Greatest Breadth and Depth of Information on the Global Alternative Fund Industry

UPDATE: Information from below has been deleted because Eurekahedge has problems with how our information was presented.

For Managers:

• Requirements:
• Minimum Track Record:

For Investors:

• Number of Funds:
• Updated:
• Fee Structure:
• Who Can Subscribe:

Database: Hedgefundintelligence.com

The Most Extensive Database of Single-Manager Hedge Funds and Fund of Funds Available

For Managers:

• Requirements: Proof of active performance, signed terms of agreement
• Minimum Track Record: None

For Investors:

• Number of Funds: Over 11,000
• Updated: Daily
• Fee Structure: $3,050 annual subscription for Americas Database
• Who Can Subscribe: Qualified accredited investors

Database: Cogenthedge.com

Intelligent Tools for Informed Decisions

For Managers:

• Requirement: None
• Minimum Track Record: None

For Investors:

• Number of Funds: 6,100 active investments
• Updated: Daily, Real-time basis
• Fee Structure: Free for online research use, $5,000 annual to take off-line and use elsewhere
• Who Can Subscribe: Accredited and qualified investors

Database: Informa Investment Solutions

The Investment World’s Compass

For Managers:

• Requirements: CC Registered
• Minimum Track Record: None

For Investors:

• Number of Funds: Over 12,000 investment products
• Updated: Monthly
• Fee Structure: Free
• Who Can Subscribe: Plan sponsors, investment consultants and brokerages

****

Other related hedge fund law articles include:

• Hedge Fund Managers
• Hedge Fund Investors
• Hedge Fund Marketing

Bart Mallon, Esq. runs the Hedge Fund Law Blog and provides hedge fund information and manager registration services through Cole Frieman & Mallon LLP. He can be reached directly at 415-868-5345.