Kettera Expands Hydra To Equity-Based Hedge Funds

Sep 12 2017 | 8:47pm ET

Alternative investment platform specialist Kettera has expanded it’s managed account marketplace Hydra to equity-based hedge fund strategies. 

The new Hydra Global Hedge marketplace was reportedly built to answer the challenges investors face when trying to incorporate equity hedge fund strategies into portfolios, the company said in a statement. With the new addition, investors will be able to access equity-based hedge fund strategies through a limited liability vehicle but with the added features of a managed account such as daily transparency, additional liquidity, diversification, risk monitoring and control, lower investment minimums, improved governance, and administrative convenience. 

Kettera has selected Goldman Sachs & Co. LLC as the initial prime broker and NAV Consulting as the administrator for the new platform, the statement continued. RSM US LLP will serve as auditor, BMO Harris as custodian bank, Sidley Austin as U.S. counsel and Stuart, Walker & Hersant as Cayman counsel. 

Independent service providers are a key feature of the Hydra marketplace, Kettera said, as it means participants are free from the conflicts of interests often found in bank and brokerage-owned platforms. 

“We are excited to expand the success of Hydra into liquid equity strategies including global equity long/short, with plans to offer other equity-based hedge fund strategies,” said Jon Stein, CEO of Kettera, in the statement. 

Kettera Strategies LLC owns and operates Hydra, an independent custody-based managed account platform. Kettera launched Hydra in 2015 to provide institutional investors, family offices, wealth managers and high net worth investors with access to global macro, FX, volatility and managed futures strategies. Hydra allows investors to access single managers or create bespoke, multi-manager portfolios from an array of established and emerging managers. More than 40 investment strategies are available on the platform. 

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