New York (HedgeCo.net) HedgeCoVest, a real-time hedge fund replication platform, unveiled the HedgeCoVest Composite Models. Derived from actual hedge fund manager trades, these 15 sector-specific investment products encompass long and short positions, enabling investors to access the highest conviction investment ideas from the investment firms signed on to the HedgeCoVest platform.
“HedgeCoVest is in a unique position to access hedge fund portfolios in real time and create new investment products composed of their largest positions, which are typically the portfolios’ main alpha drivers,” notes Evan Rapoport, CEO of HedgeCoVest. “Our platform extracts the highest conviction and most widely held positions based on information from all the hedge funds on our platform, and assembles them into sector specific investment products including Biotechnology, Basic Materials, Industrials, REITS, Financials, and Technology.”
HedgeCoVest’s proprietary platform connects directly into each hedge fund’s prime broker and trading systems, ensuring immediate information flow to its proprietary technology, the Replicazor. This flow creates a pool of securities that HedgeCoVest is able to reconstruct based on the size of the holding in any given portfolio and the frequency of a specific security to ascertain the most relevant investment ideas for the HedgeCoVest Composite Models. The technology in place ensures that these Composites are inherently fluid and dynamic, adjusting to any change in the view of a given security and re-balancing accordingly.
The Composites’ minimum investment size ranges from $5,000-$20,000 per product and currently ranges from 10 positions to 145 positions in any given investment option. This provides investors the opportunity to supplement their existing alternative portfolio with a sector-specific investment that caters explicitly to their investment objectives.
“Investors will often seek to supplement their core alternative portfolio with managers who trade securities in a specific industry like Basic Materials or Biotech,” says Rapoport. “These investors can now accomplish the same objective by accessing hedge fund managers’ ‘best ideas,’ but in a liquid, transparent, low cost structure.”
To learn more visit www.HedgeCoVest.com. Registration is complimentary.
