HedgeCo Networks Launches Liquid Alts Platform

Sep 11 2014 | 11:39am ET

West Palm Beach, Fla.-based HedgeCo Networks has signed 33 hedge fund managers running 38 strategies to its new liquid alternative investment platform.

HedgeCoVest will feature 20 investable hedge fund portfolios at its public unveiling in September at Finovate Fall 2014, with another 18 to be added in the coming months.

The Boston Company, Cornerstone Capital Management, Cognios Capital, Emancipation Capital and Old West Investment Management are some of the names who have already signed with the platform.

HedgeCoVest's proprietary 'Replicazor' technology allows for the replication of hedge fund trading portfolios in real time directly into an individual’s own brokerage accounts.

“The interest in the platform has been amazing. We are ahead of initial projections and encouraged by the number of leading fund managers who see the tremendous value of participating on the HedgeCoVest platform,” said Evan Rapoport, CEO of HedgeCoVest, in a statement.

“We considered creating a mutual fund, but the operational and regulatory onus was going to take too much time away from our trading. With HedgeCoVest, we are able to access an investor base that cannot be part of our limited partnership, with no additional burden on our compliance, trading, or operations," say Old West Investments co-founder Joseph M. Boskovitch Jr, in a statement.

HedgeCoVest offers lower initial investments than regular hedge funds—clients can start with $30,000—flat fees, and is open to all classes of investors.

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