Clearbrook, HedgeACT, TAC Launch Alts Platform

Jul 10 2013 | 12:01pm ET

Clearbrook Global Advisors has teamed with HedgeACT and The Alpha Cooperative to launch ClearVest, an alternative investment platform.

ClearVest, which launches with over 30 alternative investment managers, was developed for institutional investors, qualified purchasers and wealth advisors.

Each of the founding partners brings particular skills to the table: HedgeACT, an alternative asset management platform founded by Michael E. Griffin, will provide the technology backbone for ClearVest; TAC will provide personnel, risk management, middle- and back-office services; and Clearbrook, a $30 billion privately held, independent investment management firm, will provide the proprietary research and due diligence capabilities via an exclusive licensing agreement.

Users will access a customized managed account solution that includes daily position reconciliation; daily risk monitoring and reporting, performance analytics, NAV calculation; and complete investor reporting

“ClearVest offers a total, comprehensive solution for investors that includes alternatives but is built for the full spectrum of asset allocation and strategies that comprise a truly diversified portfolio,” said Griffin, ClearVest CEO and board member.

“Focused specifically on investors, ClearVest offers the marketplace a non-conflicted, independent, and flexible intersection between embedded research, access to top tier alternative managers at lower minimums, custom reporting, and the ability to upload existing traditional/long-only portfolio data, managers and strategies to the portal. This unique feature enables an investor or advisor to analyze how the addition of alternatives to a long-only portfolio may positively impact quantitative factors, including risk-adjusted performance.”

Clearbook CEO Elliott Wislar serves as a managing member of ClearVest while Alpha Cooperative CEO Charles Zaffuto is COO.

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