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SOURCE HedgeCo Networks
NEW YORK, May 1, 2014 /PRNewswire/ -- HedgeCo Networks, LLC, (HedgeCo.Net) a preeminent service provider to the hedge fund industry and operator of the world's most trafficked database for hedge fund information (HedgeCo.Net), continues to attract global leaders in the alternative investment field.
Just weeks before the launch of HedgeCoVest, its new liquid alternatives platform, HedgeCo announces a new strategic investment from GEMS Kenmar-Olympia Group, a conglomeration of three of the oldest and most respected global alternative investment firms in the industry.
Over the past decade, HedgeCo has built a broad suite of services for hedge funds, including capital introduction, startup consulting, fund administration, and HedgeCoVest, a new platform for investors that replicates the portfolio and trading strategies of third party hedge fund managers directly into the investors' brokerage accounts.
"Our new partnership with GEMS Kenmar-Olympia Group is a testament to the growth of HedgeCo over the last decade and an endorsement of the technology behind HedgeCoVest," says Evan Rapoport, CEO HedgeCo.
HedgeCoVest is designed to revolutionize the way investors allocate to fund manager strategies through its proprietary technology, the Replicazor.
Miguel Abadi, CEO of GEMS commented, "GEMS Kenmar-Olympia Group is excited about the opportunity to invest in HedgeCo Networks and to be part of the continued growth of the firm."
GEMS Kenmar-Olympia Group currently manages over two billion dollars in a wide range of global asset management products and services in the capital and real estate markets.
"The GEMS-Kenmar-Olympia Group will provide global reach with international distribution efforts for HedgeCoVest via their network in Asia, Europe, the Middle East, and Central and South America," says Evan Rapoport.
GEMS Kenmar-Olympia Group is the third major equity partner to invest in HedgeCo. In 2013, Asset Alliance made an equity investment and joined Inter-Atlantic Group, who initially invested in HedgeCo in 2008.
HedgeCo manages HedgeCo.Net, the premier hedge fund database and community portal. With over 30,000 active members, and 7,000 service providers HedgeCo.Net provides a platform for hedge fund managers, investors, and service providers. Evan Rapoport founded HedgeCo in 2002. For more information, visit HedgeCoNetworks.com.
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