The Trading Advisor Selection System (TASS), or Lipper TASS, database contains monthly data for

hedge funds A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...

. It is one of the most representative database for hedge funds, containing over 7000 of actively reporting hedge funds. Typical information contained in the database are monthly returns, fee structure, and some specific information as the investments type, strategic focus. The monthly data goes back to at least May 1973 and is often used by researches for large-scale data analysis. Funds that do not report returns anymore (closed funds, liquidated funds for example) formed the TASS Graveyard database, which contains over 6000 funds. In March 2005,

Lipper Thomson Reuters Lipper (part of Thomson Reuters) is an American financial services firm. Founded in 1973 as Lipper Analytical Services, it was acquired by Reuters in 1998. Corporate history Lipper Analytical Services was founded in 1973 by secur ...

acquired TASS Research and the TASS database from Tremont Capital.

References

Thomson Reuters Investment management {{investment-stub