Advisors and high net worth individuals now have access to HedgeWorld FundSelect, a global no-transa...
Advisors and high net worth individuals now have access to HedgeWorld FundSelect, a global no-transaction-fee marketplace in which they can research, select and invest in single and multi-manager hedge funds. This is done via a web-enabled platform assisted by offline account representatives.
The first phase of the HedgeWorld FundSelect rollout focuses on the needs of offshore HNWIs and advisers. In a subsequent phase, the platform will be made available to institutional investors, including multi-manager funds, family offices, foundations and endowments.
Johann Wong, president of HedgeWorld, said the platform facilitates the investment process in hedge funds with news, data, research, due-diligence reports from a recognised industry provider and streaming of audio and video presentations by managers.
Offshore investors and advisers may apply for membership on the secure, password-protected platform. Applicants will be reviewed and, based on their qualifications, can access and invest in a pre-screened list of single and multi-manager hedge funds.
Offshore investors and advisers will have access to a team of client service representatives to answer questions and facilitate the process of making hedge fund investments. The platform is modelled after mutual fund supermarkets created over the past decade.
To date, more than 100 single and multi-manager hedge funds have agreed to list their funds on HedgeWorld FundSelect. These will be released in a phased rollout. Their availability will be based on the type of investor, geography, diversity and regulatory considerations. Funds listed on the platform must be pre-screened to meet a host of stringent requirements set by HedgeWorld Market's investment selection committee.
Jeff Joseph, managing director of the company, said: 'The initial rollout of our platform is the first step towards a comprehensive global offering. Hedge fund strategies are an increasingly acceptable asset allocation solution for today's uncertain investment climate. This has been validated by initial feedback and registrations from high net worth investors and advisers who have given positive response to HedgeWorld.com's solution of news, data, research, due-diligence and analytics, combined with a no-transaction-fee, web-enabled platform.'
HedgeWorld.com offers daily and weekly news through its website, exclusive internet and print distribution of the TASS database and the HedgeWorld Research Institute, and an independent source of third-party and proprietary research. The site also includes HedgeWorld Media, which offers the latest in streaming audio and video communications, and HedgeWorld Radio, which provides audio interviews with personalities in the hedge fund industry.
To apply for investor or adviser membership privileges, or to have a hedge fund considered for listing in the HedgeWorld Fund Select marketplace, visit www.fundselect.hedgeworld.com.
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