A partnership of industry leaders in the investment consultancy and alternative asset sectors has launched an independent investment platform for investors and hedge fund managers, geared toward the investment markets of 2013 and beyond.
ClearVest offers a total portfolio solution with an intelligent interface between a diversified offering of alternative managers, research, institutional quality infrastructure, and leading edge technology.
The ClearVest founders bring a combination of experience and expertise in fund administration, fiduciary oversight, technology and research to the investment platform. HedgeACT, an alternative asset management platform founded by Michael E. Griffin, will provide the technology backbone for ClearVest. The Alpha Cooperative will provide personnel, risk management, middle- and back-office services. Clearbrook Global Advisors, a privately held, independent investment management firm, will provide the proprietary research and due diligence capabilities via an exclusive licensing agreement.
“ClearVest offers a total, comprehensive solution for investors that includes alternatives but is built for the full spectrum of asset allocation and strategies that comprise a truly diversified portfolio,” says Michael Griffin, chief executive and board member, ClearVest. “Focused specifically on investors, ClearVest offers the marketplace a non-conflicted, independent, and flexible intersection between embedded research, access to top tier alternative managers at lower minimums, custom reporting, and the ability to upload existing traditional/long-only portfolio data, managers and strategies to the portal. This unique feature enables an investor or advisor to analyse how the addition of alternatives to a long-only portfolio may positively impact quantitative factors, including risk adjusted performance.”
ClearVest was developed for institutional investors, qualified purchasers, and wealth advisors. The platform will launch with over 30 select alternative investment managers, including top-tier and emerging managers, pre-screened for performance and quality through rigorous research and due diligence. Two-thirds of the managers on the the ClearVest platform are not currently accessible on any other platform, and 83 per cent are ranked top quartile or higher in their peer group.
Users will be able to access a customised managed account solution with state of the art infrastructure, including daily position reconciliation, daily risk monitoring and reporting, performance analytics, NAV calculation and complete investor reporting
“In a changing investment landscape with fewer return options from traditional asset classes, institutional investors, wealth advisors and UHNW investors are looking to incorporate alternatives into their investment portfolios,” says Elliott Wislar, managing member ClearVest and chief executive of Clearbrook Global Advisors. “We have provided top-line research, operational and administrative functionality through a cloud-based technology portal for a seamless, easy solution for the end user or investor that is seeking to incorporate alternatives alongside their long-only portfolios, smoothing out returns through non-correlation. ClearVest offers a total portfolio solution not available on other managed account platforms.”
In addition to Griffin and Wislar, the management team will be led by co-founder and board member Charles Zaffuto, currently the CEO and co-founder of The Alpha Cooperative, who will serve as chief operating officer.