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Non-Accredited Investors Offered New Hedge-Fund Alternative
A new ‘strategy marketplace’ allows investors to subscribe to quantitative investment models that bypass conventional hedge-fund requirements such as investor accreditation status.
For example, an investor might pay ten dollars per month to follow a smallcaps strategy with a certain backtested annual return and Sharpe ratio. The investor trades the strategy through his own private brokerage account and does not pay annual management or performance fees, is free of lock-up periods, has access to historical performance, can read a clear description of the methodology and has the ability to trade lower liquidity stocks where big funds have difficulty.
The Ready-2-Go models are being rolled out progressively and the current roster has 6 free strategies including Buffet and Piotroski inspired models. Each model page includes a minimum of 10 years of strategy backtesting, various performance and risk statistics, historical trades and a summary of the underlying strategy. Price slippage is factored into the simulations and real cash management rules are emulated. The goal is to give the best approximation of how the quantitative strategy would have performed without bias.
All strategies are automatic and programmed into the Portfolio123 quantitative engine - which does not contain survivorship-
Portfolio123 is a leader in portfolio management software with monthly subscriptions starting at $49 per month. The suite of tools they offer includes a real-world portfolio simulator, the ability to construct a relative ranking system, market-timed themes, hedging, long/short portfolio simulation and hundreds of fundamental/