A new vertical hedge fund search engine was launched yesterday by Institutional Investor, according to their statement, "The new beta version provides financial professionals with customized access to valuable hedge fund content."

The search engine is powered by Convera Corporation a provider of vertical search services for publishers. Residing on Institutional Investor's Web site, as well as its own URL, the customized search engine allows professionals in the hedge fund industry to search deeply into highly relevant Web sites selected by hedge fund experts. The search engine is designed to return highly relevant results for traders and investors who need timely and targeted access to rankings, news and research. More here.