Morgan Stanley, Morningstar to Launch Hedge Fund Indices

MSCI (Morgan Stanley Capital International) Barra (NYSE: MXB) and Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, have clinched a partnership agreement that the two parties will join forces to calculate and distribute hedge fund indexes with MSCI Hedge Fund Index Methodology and Hedge Fund Classification Standard.

The new indexes will be in place of existing MSCI Hedge Fund Indices and Database after a short transition period. MSCI Barra, a top provider of investment decision support tools worldwide, will continue to calculate and launch the MSCI Investable Hedge Fund Indexes and the Barra Hedge Fund Risk Model. Meanwhile, Morningstar will keep calculation and distribution of current Morningstar Hedge Fund Indices, including the Morningstar 1000 Hedge Fund Index.

The MSCI Hedge Fund Index Methodology creates indexes in terms of hedge fund characteristics like investment process, asset class, geographical location and global industry classification standard.

Morningstar collects 300 data points from 8,500 hedge funds and funds of hedge funds including portfolio holdings, strategy allocation and hedging techniques.

From www.shihua.com.cn, Page 1, Thursday, September 25, 2008
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