HedgeCoVest real-time hedge fund platform goes live
HedgeCoVest has formally launched after four years of R&D and beta testing
HedgeCoVest, the first real-time hedge fund replication platform, has formally launched after four years of R&D and beta testing.
With over 1,500 beta users, HedgeCoVest offers advisors and all retail investors real-time replication of hedge fund strategies directly into their brokerage accounts.
HedgeCoVest combines the unique liquidity, security and transparency advantages of a separately managed account with the long/short investment strategies of hedge funds to satisfy investors’ demands for a better way to invest in alternatives.
HedgeCoVest CEO Evan Rapoport said: “The traditional limited partnership investing model is being disrupted. Until now, only ultra-high net worth investors and institutions had access to high-quality alternative investments. We believe all investors should be able to benefit from hedge fund strategies with the transparency, liquidity, security and lower fees they seek. This is why we created HedgeCoVest.”
With real-time performance reporting, flat fees and the ability to allocate or liquidate at any time, HedgeCoVest is changing the way investors allocate to hedge funds.
Through the HedgeCoVest separately managed account structure, investors realize the benefits of hedge fund investing without the risks associated with commingling assets.
HedgeCoVest has generated over $80m in committed capital for the platform and signed 45 investment management companies, including the multi-billion dollar firms Fred Alger, The Boston Company, Cornerstone, Kovitz and Sandell.
The platform also offers 14 custom HedgeCoVest investment products including the industry’s first real-time, investable hedge fund index.
Investors can also create their own custom portfolio of hedge fund strategies based on their risk/return profile and investment objectives.
HedgeCoVest is fully operational with Interactive Brokers and is in the process of completing integration with Pershing Advisor Solutions and TD Ameritrade.
For the first time, financial advisors will be able to easily offer their clients access to leading hedge fund strategies with a higher degree of control, transparency, due diligence and liquidity, with much lower fees.
Chapwood Capital Investment Management managing partner Ed Butowsky said: “Every portfolio can benefit from having alternatives in it. HedgeCoVest is a game changer for all portfolios by allowing easy access, complete transparency, a simplified fee structure and no K-1. I am aggressively migrating a large portion of my practice into HedgeCoVest investments.”