Advisors who don't feel like wading through reports on 9,000 hedge funds may feel more comfortable scanning information on about 40, especially if those funds have been expertly screened. Envestnet, a Chicago-based provider of wealth management solutions for investment advisors, has announced a hedge fund research alliance with Fund Evaluation Group (FEG), Cincinnati, an institutional investment consulting firm with $33 billion under advisement.

The Envestnet-FEG partnership will offer advisors access to research and due diligence reports on more than 40 hedge funds and hedge fund-of-funds that are covered by FEG. The research will be available on the Envestnet platform, which also includes information on separate account managers, mutual funds, ETFs and liquid alternative investments.

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