HedgeWorld Opens On-Line Supermarket To US Investors

Investors Offshore, London

19 September 2002

HedgeWorld Markets USA has opened its online marketplace for hedge funds to accredited US investors. According to Johann Wong, vice chairman and chief executive of HedgeWorld, the platform will intially offer about 100 hedge funds free of charge to investors, though the company eventually wants to boost the number to 200 to 300.

Hedgeworld launched its online hedge fund supermarket to accredited investors last October, one of the first financial service providers to do so. The service, which was initially only open to non-US investors, provides qualified investors with access to a list of pre-screened hedge funds and prospectuses, with a call centre running in parallel to handle additional questions and queries. There are no transaction fees to pay, as the organisation is compensated by the hedge fund companies who receive business from the supermarket.

HedgeWorld.com, which is based in Bermuda and which launched in September of 1999, claims to have been the first e-commerce-enabled Web site serving the needs of the hedge fund and global alternative investment industry. HedgeWorld.com is the exclusive Internet distributor of TASS+, the industry's premier hedge fund and CTA performance database. Registered accredited investors can access detailed fund profile reports with more than 350 data fields of information on 2,200 hedge funds run by more than 1,300 managers through HedgeWorld.com.

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