HedgeCoVest launches new platform
Replicazor.
The platform recognizes when a manager makes a trade and duplicates it almost instantaneously in investors' separately managed accounts.
The platform enables advisers or separately managed account (SMA) clients to select hedge funds and then mirror those fund’s strategies provide investment strategies that mirror the hedge funds that advisers or SMA clients select to follow.
HedgeCoVest has 45 hedge fund managers, including Fred Alger, The Boston Company, Cornerstone, Kovitz and Sandell, signed to the platform. It is targeting both retail investors and advisers, who will be able to allocate and liquidate clients' SMAs at any time, without the typical hedge fund charges.
HedgeCoVest charges a flat management fee of 2.5% with no performance fee, although users will also have to pay fees to their brokers.
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