CHICAGO, Nov. 18, 2013 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has entered into an agreement to make eVestment separate account and hedge fund data available to users of Morningstar Direct, the company's global investment analysis platform for institutional investors. eVestment's database of more than 22,000 separate accounts and 23,000 hedge funds will be available for an additional annual fee to Direct users in 2014. "The eVestment data complements Morningstar's institutional data, and will provide Direct users with an even larger pool of separate accounts and hedge funds with significant depth and history of information," Xiaohua Xia, senior vice president of institutional software at Morningstar, said. "We are pleased to be able to offer this robust collection of investment strategies to our users to support their global manager search efforts and better serve their clients." Morningstar Direct users will be able to research, filter, and rank strategies available in the eVestment databases based on a variety of operational data points, investment characteristics, and performance measures. Morningstar plans to enable additional functionality later in 2014, including the ability to create peer groups and custom score cards as well as present findings to clients in customizable charts and tables. About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 433,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on nearly 10 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately $166 billion in assets under advisement and management as of June 30, 2013. The company has operations in 27 countries. About eVestment eVestment provides a flexible suite of easy-to-use, cloud-based solutions to help the institutional investing community identify and capitalize on global investment trends, better select and monitor investment managers and more successfully enable asset managers to market their funds worldwide. With the largest, most comprehensive global database of traditional and alternative strategies, delivered through leading-edge technology and backed by fantastic client service, eVestment helps its clients be more strategic, efficient and informed.