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Laurent Favre Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators.
Laurent Favre, founder and CEO of technology provider AlternativeSoft, observes that now investors demand full participation in their portfolio construction.
The future is advisory on the web, he tells Opalesque; " The investors in hedge funds will use advisory services, where they can express their views in term of hedge funds selection and portfolio weights. The investor does not want to invest with a bank, come back in one year and see how much he has made. He wants to see (not to select) the proposed hedge funds, play around with other available hedge funds and decide. The investor will need simple web interface to propose portfolio amendments provided by the bank. In the past, the investor used to delegate that to the advisors within the bank. Now, he/she wants collaboration although he/she does not understand finance."
As for banks or funds of hedge funds, he continues, they have to supply a web advisory easy-to-use service with hedge funds selection and portfolio construction. "They select the hedge funds (or long only funds, UCITS, smart betas, futures), show the selection to the investor who will compare them with the full universe in an easy way (confidence), they prepare the portfolio, the investor plays on the web with the prepared portfolio and ask questions on the web."
A software that makes it easy to invest in hedg...................... To view our full article Click here
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