About HedgeFundDB

Who provides HedgeFundDB

HedgeFundDB is a public resource from 9AT, the prospecting and research product behind the site. 9AT covers investment advisers, the private funds they report and the service providers reported for those funds.

HedgeFundDB's guides and adviser profiles are free to read, and you never need an account. Where a task continues in 9AT, the page links to the relevant part of 9AT and says what that step requires.

Who it is for

HedgeFundDB is written first for business development, sales and research teams at fund administrators and audit firms looking for private fund clients, and its guides start from their prospecting questions.

It is also written for law firms and technology vendors that serve private funds and their advisers. They can use the same public filings to find and assess advisers they may want to work with. Form ADV's service-provider questions do not ask about a fund's law firm or the technology it uses, and HedgeFundDB does not show those relationships.

Custodians, prime brokers and other service providers can use the guides in the same way; Form ADV also reports custodians, prime brokers and marketers for each private fund. Allocators doing background research on an adviser, and fund managers who want to see how their own public filings are presented, may find the site useful too.

What you will find here

• Guides. Each guide explains one prospecting task: finding new private fund adviser prospects, comparing advisers as prospects, identifying a fund's administrator or auditor, or finding decision-maker contacts at a private fund manager. Guides cite the sources they rely on, explain their limits and say which steps continue in 9AT.
• Free adviser summaries. Adviser profiles help you confirm that you have the right firm and decide whether it is worth researching as a prospect. They show an adviser's legal name and identifiers and, where available, registration details and other reported information. Each item names its source and gives the source's date where it is known. The profile index lists SEC-registered investment advisers and exempt reporting advisers that are still in the current Form ADV data and have a Form ADV filing recorded in the last 18 months, so not every adviser listed manages private funds. Historical records, advisers registered only with a state and profiles marked "Not recently updated" can still be opened at their own addresses, but they are not listed. The methodology page explains the coverage in full.
• Sources and methodology. The methodology page explains where the information comes from, which dates are shown, how figures are defined and how missing information is displayed.

How HedgeFundDB relates to 9AT

A HedgeFundDB page should answer the question in front of you, even if you never visit 9AT. 9AT supplies the fuller prospecting workflow across many advisers and funds, including:

• Decision-maker contacts. Business contacts at advisers. Coverage varies by adviser. 9AT's FAQ says that some contacts lack email addresses and that 9AT provides LinkedIn profile links for many contacts. It defines a contact's added or edited date as the date the contact was added to its database or the contact's details were changed, so the date describes the database record, not a guarantee that the person's role was recently verified.
• Reported adviser changes. What an adviser reported in its filings, and when. A reported change describes a filing, not real-time news of a business event.
• New fund and adviser discovery. New adviser and fund registrations. A new registration is not always a new firm, a filing date is not a launch date, and a Form D offering amount, where one is reported, is not a fund's gross asset value or an adviser's assets under management.
• Provider connections. The clients each service provider is reported to serve, and where two providers' reported clients overlap. Reported overlap does not show a personal relationship or that anyone will make an introduction.
• Market coverage. Service providers compared across the advisers and funds they are reported to serve. A comparison reflects 9AT's data, not necessarily the whole market, and a provider's position in it is not a measure of service quality.

Free summaries and account access. 9AT also publishes free adviser summaries, which can show more reported detail than HedgeFundDB, such as the number and types of an adviser's private funds. Contacts and the workflows above need a 9AT account: access is arranged with the 9AT team, starting with a demo, and existing 9AT customers sign in. The guides say where a step needs that access. A HedgeFundDB adviser profile with a matching 9AT record links to that adviser's free 9AT summary, and links to 9AT are labeled as such.

Editorial standards

• Primary sources first. Guides rely on SEC forms, instructions and staff guidance, and link to them.
• Dates stay separate. Filing dates, the dates figures describe, the date data was last checked, and the dates a guide or page was published, last updated and, where a review is recorded, last reviewed are shown and kept apart. The methodology page explains each one.
• Publication. Guides and pages show the date they were published. A guide or page shows a review date and reviewer only when a named review has been recorded for it.
• No invented figures. A figure is shown only when its definition, unit, scope and date can be established. Otherwise it is left out or marked as not available.
• Examples are real or labeled. Published guides use verified, sourced examples. A synthetic example, used only to show a method, is labeled synthetic wherever it appears.

Each guide names its author; see HedgeFundDB authors.

Corrections

If you believe something on HedgeFundDB is wrong or out of date, you can send a correction request through the contact page on the 9AT website, 9AT's general contact form. Say that your message is a HedgeFundDB correction request, and include the address of the page, the item you believe is wrong and, if possible, the filing or other source that supports the correction.

Where information comes from an adviser's filing, that filing remains the source of record. An adviser changes its reported information by amending its own Form ADV.

When a correction changes the substance of a guide, or of the About or methodology page, the page then shows the date of that update as "Updated".

What HedgeFundDB does not do

• It does not give investment advice or make recommendations about any adviser, fund or service provider.
• It does not rank advisers, and it does not suggest that a larger adviser performs better or is safer.
• It does not predict that an adviser will change providers, buy services or launch a fund. It shows what was reported.
• It does not verify or approve regulatory filings. The SEC also states on its adviser data page that it has not approved Form ADV information and does not guarantee its accuracy.
• It does not publish personal contact details or contact lists.
• It does not provide real-time data. Information is only as current as the filing it comes from. Profiles of advisers that are no longer in the current Form ADV data are marked as historical records, and other profiles with no Form ADV filing recorded in the last 18 months are marked "Not recently updated".