HedgeWorld is gearing up to officially unveil its distribution platform and global online hedge fund marketplace, FundSelect. Come May 15, HedgeWorld will begin accepting applications from U.S. investors, hedge funds based in the states, and investment advisors who want to be considered for membership privileges.
Modeled on Charles Schwab’s OneSource platform that offers access to a universe of mutual funds, FundSelect will provide advisors with access to a trading platform and offer comprehensive due diligence reports on hedge fund managers.
“We wanted to build a distribution platform that’s designed to raise assets for hedge fund managers by bringing a wide variety of products to investors in one place because the industry is so fragmented,” says Jeff Joseph, managing director of HedgeWorld. (HedgeWorld provides hedge fund information and news to Investment Advisor in print and on the Web.)