Asset Alliance, a US based investment management firm has purchased an equity stake in HedgeCo Networks, a financial services firm focused on hedge funds and the operator of HedgeCo.Net.
The acquisition will bolster the strategic partnership between the two firms and together expands their ability to service the alternative investment sector.
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Through the deal with Asset Alliance, HedgeCo Networks is planning to launch a separately managed accounts platform, HedgeCoVest, for the hedge fund industry.
Evan Rapoport, CEO and founder of HedgeCo Networks, said: "Their brand name, reputation, and experience within the hedge fund community are second to none, and we are extremely pleased to partner with them as we unveil HedgeCoVest to the alternative investment community."
Bruce Lipnick, CEO and founder, Asset Alliance, said: "We at Asset Alliance are pleased to be an equity owner and partner with the HedgeCo team. Our partnership with HedgeCo continues our mission to provide new, innovative products for the retail, HNW and institutional investor."
Asset Alliance has served institutional investors and high net worth individuals since 1996.
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