現在では、HFR（Hedge Fund Research）、Barclay Hedge、Eurika Hedgeといったデータベースが存在し、数千から数万に及ぶヘッジファンドのデータベースが構築されています。
Investment process for hedge funds #2 How to find out hedge fund managers?
It is not easy to find relevant information even if a hedge fund suits your portfolio because most hedge funds are traded privately.
In fact, institutional investors and family offices, which seriously look for the funds they want to invest in, will not be able to decide whether to buy when they do not have enough information and track records of those funds.
Fortunately, there are some database companies like HFR（Hedge Fund Research）, Barclay Hedge and Eurika Hedge, which gather information about more than twenty thousand hedge funds.
Also, Morningstar and Lipper, which are established mutual fund research companies, have been catching up to these companies by accumulating hedge fund database from the market. So, nowadays, hedge funds have been getting more familiar to investors than before.
By the way, how do we select hedge funds we invest in from thousands of fund pools in the world? The below briefly shows the selection process of the funds, which seem to be similar to the one for the selection of individual companies by long-only equity funds.
The most important thing is that we must select the best fund and fund manager that meets our investment goals from there. This sometimes does not rely only on the database systems. Often, we take advantage of our human network in the market.
The Hedge fund industry is a very small world, so you can sometimes be invisible but gain more accurate information about performance, track records and even how well the fund management company is run.