Lipper, a leading provider of mutual fund information and a wholly owned subsidiary of Reuters, announced last Tuesday that it has purchased the rights to acquire Hedgeworld and the TASS Research database. The company did not disclose the purchase price.

Hedgeworld provides news, research and data for its global hedge fund community of 55,000 hedge fund professionals and investors. TASS, a leading institutional-quality hedge fund database, covers more than 6,600 of the roughly 7,000 hedge funds, which renders it relatively free from survivorship bias.

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