Bailey McCann, Opalesque New York:
A new managed accounts platform is available to investors with an interested in building out their long only portfolios, or accessing emerging managers. ClearVest, which launched this week is backed by Clearbrook Global Advisors, a privately held, independent investment management firm, that will provide the proprietary research and due diligence capabilities via an exclusive licensing agreement. The Alpha Cooperative will provide personnel, risk management, middle- and back-office services and HedgeACT, an alternative asset management platform founded by Michael E. Griffin, will provide the technology backbone for ClearVest.
Principals say that the platform is meant to serve as a bridge for institutions, family offices, or accredited investors who may not yet have the time or the team to really invest in alternatives. Unlike other managed account set ups, which are more common among large institutions that have their own teams, the platform will provide key components like due diligence and administration.
"Before 2008, a lot of investors didn't really know how best to utilize hedge fund investments, now, after the crisis investors are looking again at alternatives but they don't always have a full scale team to really understand wh......................
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