HedgeWorld Markets has made available its HedgeWorld FundSelect marketplace to offshore high net wo...
HedgeWorld Markets has made available its HedgeWorld FundSelect marketplace to offshore high net worth individuals (HNWIs) and advisers.
HedgeWorld FundSelect is the first global no-transaction fee marketplace for HNWIs and advisers to research, select and invest in single and multi-manager hedge funds through 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 HedgeWorld FundSelect facilitates the investment process in hedge funds with news, data, research, due-diligence reports from a recognised industry provider and streaming 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, they can access and invest in HedgeWorld FundSelect's 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. HedgeWorld FundSelect is modelled after the successful mutual fund marketplaces created over the last decade.
To date, more than 100 single and multi-manager hedge funds have agreed to list their funds on the platform. These funds will be released in a phased roll out.
Availability of these funds will be based on the type of investor, geography, diversity and regulatory considerations. Funds listed on HedgeWorld FundSelect must be pre-screened to meet a host of stringent requirements set by HedgeWorld Market's Investment Selection Committee.
Jeff Joseph, managing director of HedgeWorld Markets, said: 'The initial roll-out 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 web site; exclusive internet and print distribution of the TASS database; the HedgeWorld Research Institute, an independent source of third-party and proprietary research; HedgeWorld Media, offering fund managers and service providers the latest in streaming audio and video communications; and HedgeWorld Radio, providing audio interviews with pers-onalities in the hedge fund industry.
To apply for investor or adviser membership privileges, or to have your hedge fund considered for listing in the HedgeWorld Fund Select marketplace, visit fundselect.hedgeworld.com.
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client