As much as investors may wish to put some stock in hedge fund databases, theyÕre being warned that the information within them maybe less than meets the eye. The main reason for the skepticism, reports The Wall Street Journal, is that the hedge funds themselves provide data on performance, risk statistics and their portfolio managers, and the databases for the most part donÕt verify the accuracy of the information. ThatÕs led Peter Douglas of SingaporeÕs GFIA Pte to declare that he uses the databases just to learn more about hedge funds, but as for those who rely on them for helping decide whether to invest in one, ÒyouÕre only fooling yourself.Ó Or maybe the database that carries the info? The WSJ tells a cautionary tale that may give investors pause. The story involves the recently launched Emperor Greater China Fund, which appeared on the Eurekahedge database with a six-year trading history strangely similar to that the Dynasty Asset ManagementÕs Dynasty Fund, which shuttered a few months ago. In addition to both focusing on China, both were founded by Edward Mullen, who would not comment on the matter. According to the paper, Eurekahedge says it checks out funds only if problems like this one arise, and has since removed the listing until the matter is resolved. The moral of the story for investors, look before you leap into hedge fund borne on an HF database.