Nine of the BRI index strategies, including BRI’s Long/Short Equity (BRILSE) Index, which is powered by Wilshire, are now available on the HedgeCoVest UMA/SMA platform.
HedgeCoVest also provides the SMArt Xchange, a UMA/SMA solution exclusively for SS&C’s client base of advisors using Axys, APX, or Black Diamond, where the BRI indexes will also feature.
BRI Partners has entered into a licensing agreement with HedgeCoVest to make the index strategies accessible on its investment platform.
BRI will provide nine passive indexes for long-only and absolute return hedge fund strategies: long/short equity, dynamic growth and value, hedged small cap, quality small cap, large cap growth, large cap value, mid cap growth, mid cap value and equity market neutral.
The BRI Index strategies will complement the existing stable of over 150 active investment strategies, including long only, long/short, short only, market neutral, and options strategies, which are currently available to advisors and all of their clients, regardless of investor type.
HedgeCoVest combines intra-day liquidity and low fees with proprietary research and technology to provide a complete end-to-end wealth management solution, all through a single unified managed account.
“We are excited to have our family of index strategies added to the impressive line-up of active managers and strategies on HedgeCoVest,” says Stephen Scott, partner at BRI Partners. “HedgeCoVest gives clients access to the next evolution of managed accounts, real-time performance reporting, and allocation management. The BRI family of index strategies will complement the platform by providing investors a valuable diversification for their portfolios into passive strategies.”
Over time, BRI will add additional index strategies to the platform to offer more options for advisors seeking passive exposure.
“With the addition of the BRI index strategies, HedgeCoVest now provides advisers with next generation access to both active and passive strategies,” says Evan Rapoport (pictured), CEO of HedgeCoVest. “We are now better positioned to provide a complete portfolio solution for wealth advisers and their clients.”