Users of Morningstar's Web site, and its advisor workstation, now have access to the research company's hedge fund data.
   Morningstar announced that starting today its database of 3,000 hedge funds-which the company started offering to its Morningstar Direct subscribers last year-will be available to accredited individual investors who are Premium members and advisors who use Morningstar Advisor Workstation Office Edition.
   Members will have the ability to search key data points, which include fundamental risk/return metrics, management background, and fees.
   "With more than $1.5 trillion in assets, hedge funds have fast become a significant vehicle for investment," said Joe Mansueto, chairman and chief executive officer of Morningstar. "Despite their growth, there is a lack of information on hedge funds, making research difficult and oftentimes expensive. We hope to bring more transparency to the hedge fund industry to help investors better evaluate and compare these investments."