BarclayHedge has launched an online video service that allows registered managers of hedge funds, fund of funds and managed futures funds to create and make available videotaped presentations online for current and prospective investors.
BarclayHedge, which had begun accepting applications for its new BarclayHedge TV service, will arrange and oversee all aspects of its new video service, from scripting assistance to professional videotaping and editing to online hosting and updating.
BarclayHedge has secured an opinion letter from law firm Drinker Biddle & Reath supporting the compliance of BarclayHedge TV as it pertains to various sections of the Securities Act of 1933, the Investment Company Act of 1940, the Investment Advisers Act of 1940 and the Securities Exchange Act of 1934.
Sol Waksman, founder and president of BarclayHedge, says: “Our listed fund managers can now, with the support of their in-house compliance officers, use our new BarclayHedge TV capability to explain their underlying value proposition and key fund features to thousands of qualified investors, and in doing so, distinguish their fund from its competitors. We believe this is an opportunity for funds to provide a higher level of transparency and interest among prospective institutional and high net worth investors. We think regulators and investors alike will welcome a tool that allows them to see, hear and evaluate the people and the thinking that drives various alternative investment strategies.”
BarclayHedge TV is also expected to reduce the cost and time currently required of alternative fund managers, who often attend numerous conferences and face-to-face meetings with current and prospective investors.
Waksman says: “BarclayHedge TV is not intended to replace ongoing communication between fund managers and investors; but we believe our online video service will provide an opportunity for fund managers to cost-effectively nurture existing investor relationships and to establish interest from new investors, which may help increase their fund’s assets under management.”