Envestnet has made a strategic investment in AlphaHedge Capital Partners, which provides access to long/short equity strategies through separately managed accounts (SMAs).
Envestnet president Bill Crager said: "AlphaHedge delivers a unique platform, offering these strategies in separately managed accounts. We have partnered with them in accordance with our commitment to providing advisors with open access to a wide range of products and solutions."
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Following the investment, Crager will serve as a member on AlphaHedge’s Board of Directors.
"I often hear in my conversations with advisors that they are concerned about volatility across their portfolios, in equities and bonds, as well as the cost of sitting in cash. Long/short equity strategies which were previously only available through traditional hedge funds may be an alternative to consider", added Crager.
The SMAs on the AlphaHedge platform will offer allow all investment strategies held in brokerage accounts to be registered under the name of the investor besides offering liquidity and a minimum of $250,000 for strategies, which is lower than the minimums of most traditional hedge funds.
AlphaHedge president and COO Kent Bonniwell said: "Envestnet shares our dedication to ongoing innovation and product enhancements, and we look forward to working with them to deliver carefully selected long/short equity strategies to advisors and investors."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
