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Mansueto's hedge fund headaches; Morningstar chief finds investment pools aren't forthcoming.(News)
Crain's Chicago Business, March, 2007 by Saphir, Ann
Byline: ANN SAPHIR Morningstar Inc. CEO Joe Mansueto is finding it difficult to scale the wall of secrecy surrounding the $2-trillion hedge fund industry. Mr. Mansueto is expanding his hedge fund research because he sees it as a major growth area for his company. Last year, he doubled his hedge fund coverage through a takeover of rival Altvest.
The CEO vows he'll do for the opaque world of hedge funds what he's done for mutual funds: make it easier for investors to find and compare information. So far, the biggest funds, including hometown fund Citadel Investment Group, have balked. "There are hedge funds that are more progressive that see this as the future of making the industry more transparent so the government doesn't come in with heavy-handed...
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