New York (HedgeCo.Net) HedgeCoVest, the only real-time hedge fund investment platform for retail investors, has swept the board at this year’s Benzinga Fintech Awards. Over 160 applicants from across the nation entered the competition to recognize the most impressive new technology for financial services and capital markets.
At Wednesday night’s awards ceremony in New York City, HedgeCoVest won top honors including “First Place Overall” and “Best In Class For Alternative Investments.” The company also claimed runner-up in the “Most Disruptive category.”
“The competition for these awards included some of the most cutting edge names in the industry,” said Evan Rapoport CEO of HedgeCoVest. “To be selected as “Best Overall” and best in class for “Alternative Investments” is an honor for our firm and a testament to the innovation of the HedgeCoVest platform.”
Jason Rasnick, CEO of Benzinga added “We looked at HedgeCoVest as creating another option for people that normally wouldn’t be able to invest in hedge funds. While there were other really great companies under consideration, we saw HedgeCoVest as creating a completely new asset class.”
HedgeCoVest was designed to change the way investors use alternative investments – by giving them greater control of their investments, more transparency and lower fees.
HedgeCoVest enables investors to replicate the strategies of hedge funds and is designed to be equally valuable to institutional investors and non-accredited retail investors. With a 2.5% flat fee, HedgeCoVest gives investors access to a wide range of strategies at significantly lower costs than a direct investment in the hedge funds themselves.
“Investors have been demanding lower fees, better liquidity, and greater transparency from the hedge fund industry for years,” said Mr. Rapoport. “After looking at our platform, the Benzinga judges could clearly see how our cutting edge technology meets and exceeds all these demands, while also enabling the investor to maintain full control of their assets.”