Lipper Buys Into Hedge Fund Market

ORGANIZATION & STRATEGY

Lipper, the Reuters-owned fund analysis and research provider, is acquiring the HedgeWorld service and TASS Research hedge fund database, it was announced last week. Terms were not disclosed.

HedgeWorld is an online service that provides news, data and research for the global hedge fund and alternative investment industries. It is also the sole distributor of TASS, which covers 6,600 hedge funds, over the Internet. TASS is also available as a datafeed.

HedgeWorld was bought from a consortium