HedgeCoVest, the first real-time hedge fund replication platform, offering advisors and retail investors real-time replication of hedge fund strategies directly into their brokerage accounts has formally launched following four years of R&D and beta testing.
HedgeCoVest offers . HedgeCoVest, which has over 1,500 beta users, 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.
“The traditional limited partnership investing model is being disrupted,” says Evan Rapoport, CEO of HedgeCoVest. “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 realise the benefits of hedge fund investing without the risks associated with commingling assets.
HedgeCoVest has generated over USD80 million 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.
“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,” says Ed Butowsky, Managing Partner, Chapwood Capital Investment Management.