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Toronto’s Hedge Fund Hotel partners with Global Manager Research, to build database of hedge funds with performance shown in Canadian dollars

Friday, March 12, 2010
Opalesque Industry Update – Toronto’s Hedge Fund Hotel announces that a joint venture has been entered into with Global Manager Research (GMR), Canada’s longest running investment management database.

These two groups have co-ventured to build a comprehensive, interactive database of hedge funds with performance shown in Canadian dollars — Global Manager Research Hedge (GMRH). GMRH will be hosted on GMR’s unique, proven platform. GMR is utilized as an information source on investment funds currently by investment managers, plan sponsors, HNWIs, family offices, FoF manufacturers, DC providers and SMA platforms.

Bruce Friesen, the president of GMR said “we are extremely pleased to be making this natural extension of our business into the alternative sector, it is a complementary product to our existing data set, and will be of keen interest to our current domestic clients, as well as to investors outside of Canada monitoring the unique opportunities our market affords them.”

The June 2010 launch of GMRH will dovetail conveniently with the performance submission period for the HFH’s Third Annual Hedge Fund Awards, to be held in early October 2010.

The data that the funds need to submit each quarter will include information on products offered, key people, the investment process, and the performance. To make the data submission process convenient, funds will simply have to complete a Word template and submit this information together with an Excel file.

Importantly, and to aid true comparability, performance must be calculated net of performance bonus, but gross of management fee. “For all investment fund’s comparability is credibility” says Friesen, “our clients need clarity from our data and we must not cloud their analysis with complications from differing performance bonus reporting”.

sarahb@knowledgesuites.com
www.global-m-r.com
www.hfhto.com

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