Noviscient and Invast Global Partner to Support Emerging Hedge Fund Managers
Singapore-based Noviscient, a next-generation investment management firm, and Invast Global, a leading multi-asset prime broker specializing in partnering with emerging managers, have joined forces to provide a cost-effective solution for the next generation of emerging hedge fund managers.
Noviscient, a next-generation investment management firm, and Invast Global, a multi-asset prime broker specializing in partnering with emerging mangers, have teamed up to provide a cost-effective option for the next generation of emerging hedge fund managers. Leveraging Noviscient’s novel FundBox solution and Invast’s Prime offering for emerging managers, a new hedge fund can launch with lower set up and ongoing operating costs.
The FundBox solution offers a scalable process to let portfolio managers and traders create funds for their trading strategies that are economically sustainable from an asset under management (AUM) size of $5m and up, said the firms in the press release.
A vast difference to the traditional launch model viability levels of $50m to $100m.
The Game-Changer: FundBox
FundBox is a fast-to-market, scalable solution designed to take the cost, set up and operational burden from the new manager allowing you to launch your fund sooner, so you can focus on generating your track record. Leveraging on the resources and expertise from both the Noviscient FundBox environment and Invast Capital Introductions, our goals are aligned to have the fund established on a firm foundation.