Just weeks before the launch of HedgeCoVest, its new liquid alternatives platform, HedgeCo has secured a new strategic investment from GEMS Kenmar-Olympia Group.
Over the past decade, HedgeCo has built a broad suite of services for hedge funds, including capital introduction, startup consulting, fund administration, and HedgeCoVest, a new platform for investors that replicates the portfolio and trading strategies of third party hedge fund managers directly into the investors' brokerage accounts.
"Our new partnership with GEMS Kenmar-Olympia Group is a testament to the growth of HedgeCo over the last decade and an endorsement of the technology behind HedgeCoVest," says Evan Rapoport, CEO HedgeCo.
HedgeCoVest is designed to revolutionise the way investors allocate to fund manager strategies through its proprietary technology, the Replicazor.
Miguel Abadi, CEO of GEMS, says: "GEMS Kenmar-Olympia Group is excited about the opportunity to invest in HedgeCo Networks and to be part of the continued growth of the firm."
GEMS Kenmar-Olympia Group currently manages over two billion dollars in a wide range of global asset management products and services in the capital and real estate markets.
"The GEMS-Kenmar-Olympia Group will provide global reach with international distribution efforts for HedgeCoVest via their network in Asia, Europe, the Middle East, and Central and South America," says Rapoport.
GEMS Kenmar-Olympia Group is the third major equity partner to invest in HedgeCo. In 2013, Asset Alliance made an equity investment and joined Inter-Atlantic Group, who initially invested in HedgeCo in 2008.
