Online alternative investment startup invest.com has raised $20 million in a financing round from a number of global investors including Moshe Hogeg's venture capital fund Singulariteam.
invest.com also announced the launch of its “hedge fund for the people,” which it says will challenge the “elitist” alternative investments industry. For the time being the fund will operate in the UK with investments starting from £500 including CFD investments.
invest.com first made headlines in 2014 when it paid $5 million for its domain name.
invest.com says it charges a 1.5% management fee and 15% of profit but as an opening offer until June 22 no management fee will be charged.
invest.com founder Ophir Gertner said, “By giving customers access to alternative investments, we are enabling them to build smarter, more diversified portfolios that are equipped to perform better when major asset classes, such as equities, fall. Customers are able to build portfolios for both the long and short term investments depending on their different investment goals.”
He added, “Alternative investments is an asset class that has seen extremely high growth in recent years, more than doubling in size since 2005. However, hedge funds and many other alternative investments have typically been very elitist - available only to very wealthy investors, despite the obvious benefits they would give all investors. invest.com is therefore bringing a hedge fund for the people to market.”
By the end of 2017, invest.com plans to launch in other countries, including Germany, Italy, Russia, Asia, and the Middle East, as well as launching several new alternative investment products.
Published by Globes [online], Israel business news - www.globes-online.com - on May 25, 2016
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