Incisive Media, the publisher of Professional Adviser and Investment Week, has signed a co-operation agreement with SharingAlpha, the online ratings service covering funds and selectors.
Described by founders Oren (pictured) and Yuval Kaplan as 'Morningstar meets TripAdvisor', funds on the SharingAlpha service are assessed based on the average rating provided by fund selectors worldwide using qualitative parameters. Factors considered include fees, capacity and active share, instead of focusing solely on historical performance.
The service covers 70,000 funds listed across73 different countries and it has recently become the largest fund rating agency in the world in terms of the number of fund selectors who contribute their views on collective investment vehicles.
As part of the deal, Incisive Media publications such as Professional Adviser and Investment Week will be able to share fund recommendation data from the service, as well as help professional fund buyers benchmark their own performance against industry peers.
Oren Kaplan, CEO and co-founder of SharingAlpha, said: "Our vision is to offer the investment community a better way to select winning funds and, at the same time, to offer fund selectors and investment advisers the option of building their own proven long-term track record.
"We strongly believe the co-operation with Incisive Media will help us in exposing a larger audience to our unique ratings."
Jonathon Whiteley, managing director of Incisive Media, said: "We are very excited to be working with SharingAlpha. Its innovative approach to ratings provides a valuable service to both fund providers and fund selectors. The content generated by SharingAlpha will be published across our websites and publications and will further enhance their value to the audiences we serve."
Asset allocation competition
SharingAlpha is meanwhile calling for entrants for a new asset allocation competition, which is open to all global investment professionals and is being run in association with the Chartered Alternative Investment Analyst Association (CAIA).
The CAIA Association will offer scholarship awards worth more than $5,000 to the podium winners, including a full scholarship to the CAIA Charter programme for the winner. Founded in 2002, the CAIA Association is best known for the CAIA Charter®, an internationally recognised finance credential, and is the gateway to a network of more than 8,700 alternative investment leaders in almost 90 countries.
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