HedgeCoVest launched its real-time hedge fund replication platform after four years of research and development and beta testing.
The platform offers advisors and all retail investors real-time replication of hedge fund strategies directly into their brokerage accounts.
It combines the liquidity, security and transparency advantages of a separately managed account with the long and short investment strategies of hedge funds.
HedgeCoVest has generated more than $80 million in committed capital for the platform and signed 45 investment management companies, including 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’s platform is fully operational with Interactive Brokers and is in the process of completing integration with Pershing Advisor Solutions and TD Ameritrade.
Evan Rapoport, CEO of HedgeCoVest, commented: “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.”
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