Arjent has launched its own hedge fund platform, which offers advisers access to a raft of alternative investments including single managed hedge funds, commodity trading adviser funds, funds of hedge funds and capital protected vehicles.
"This platform is not a fund supermarket," said Gregory Perdon, head of alternative investments at the London-based group. "We are not looking to offer an e-trade service for hedge funds as we would rather interact with advisers and intermediaries alike to explain the benefits of this platform in person. The primary premise of this platform is to offer access to what is largely an opaque market according to our research."
The platform, which will initially hold funds from Man Investments, Permal and Fortune, is a response to research by Arjent that showed advisers were not discussing the benefits of alternative investments with clients. As with the initial groups on the platform, Arjent is only rolling out the vehicle to advisers the group already has a standing relationship with. However it is looking to branch out in the future.
"We have already started the process of forming these business relationships by appointing Alan Ross as professional intermediary sales manager," said Perdon.
The funds on the platform are available in three share classes - sterling, US dollars and euros - with upfront and trail charges split between the group and the adviser.
Senior Managers Regime
Interest rate outlook unchaged
FCA made demands last week
'Unsung' part of FSCS work