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Shed Light

Are hedge funds leaving you in the dark? Morningstar's extensive database might be a good place to start your research.

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This story appears in the April 2007 issue of Entrepreneur. Subscribe »

Face it, are cool. They have a cloak-and-dagger sexiness about them, and their relative exclusivity makes them fun to talk about. Just for the record, I don't particularly endorse this view of hedge funds, because overall, they don't appear to perform better than plain ol' mutual funds, despite the fact that their expense ratios are almost criminally high. But that's just me. Facts are facts--and the facts say hedge funds are hot right now.

Accordingly, curious investors ought to have an opportunity to learn as much about them as possible. That's where Morningstar comes in. Morningstar started selling encyclopedic volumes of mutual fund information back in the '80s, before anyone else was providing such information. Now it's trying to do the same for hedge funds, this time online. If you're interested in putting money into the hedge fund world, Morningstar's growing database is as good a place as any to start.

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