eVestment Alliance acquires 2 hedge fund service providers

Updated with correction Nov. 15, 2012.

eVestment Alliance, one of the investment industry's largest database providers, acquired Fundspire, a hedge fund analytics provider, and PerTrac, a hedge fund software developer.

The quick succession of acquisitions — Fundspire was acquired Oct. 31, and PerTrac on Nov. 5 — is part of eVestment Alliance's effort to further expand its analytical capabilities and information delivery systems into alternative asset classes, said Jon Brubaker, a company spokesman.

With the two new firms, eVestment Alliance gains 115 employees and now has a more global footprint with offices in Atlanta, where the company is based; New York; Chicago; Memphis, Tenn.; Reno, Nev.; Hong Kong; London; and Sydney.

— Contact Christine Williamson at cwilliamson@pionline.com | @Williamson_PI