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13 June 2024       Albourne

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1fs Wealth has bolstered the capabilities of its AI-driven global wealth intelligence platform by partnering with Albourne Partners Limited, an independently owned, non-discretionary global investment consultant which has been providing advice on alternatives for over 30 years.

Users of the 1fs Wealth platform will now be able to access Albourne’s Hedge Fund Indices: HedgeRS to benchmark their investments, while gaining a greater understanding of the performance of the broader hedge fund industry.

The HedgeRS is a collection of indices representing the overall performance of the hedge fund industry. The indices are based on information from Albourne’s own database, which contains information on more than 17,000 hedge funds.  

The indices have an inception date of January 2002, and include more than 6,500 Funds, covering 40 strategies which fall under 6 super strategies. Index returns are provided at the sub-strategy level, super-strategy level and complete hedge fund universe level. HedgeRS are provided in both equal-weighted and asset-weighted versions. The first index estimates are published 5 business day after month end and are updated after 10 and 20 business days after month end. The index returns are finally fixed after 3 months.

Bobby Console-Verma, 1fs Wealth’s CEO and co-founder, explains: “At 1fs Wealth, we are continually looking for ways to enhance our platform and offer additional insights for wealth owners, whether that is through the integration of innovative technologies, such as AI, or collaboration with strategic partners like Albourne.

“We’re delighted to be able to provide our customers with access to HedgeRS, which serves as a transparent benchmarking tool, allowing investors to compare their own investment portfolios with the performance of the broader hedge fund market. These insights are something we know our customers will really value.”

HedgeRS is constructed using a robust methodology. It aims to provide an objective reflection of market performance by including returns from high-quality hedge fund managers. Investors can use HedgeRS to understand hedge fund strategy risk and return expectations and as factors for alpha estimation (measuring excess returns).

Gaurav Amin, Head of Fintech and Implementation at Albourne, said: “HedgeRS were built for practitioners, by practitioners, using a robust construction methodology monitored by an Oversight Committee and with the input of Albourne’s global bench of research analysts. As such, we believe the strategy representations are ‘pure’, include access to high calibre managers’ returns, and deliver an objective reflection of market performance. Albourne’s indices can be used as a performance representation for hedge fund strategy risk and return expectations and as factors for alpha estimation.”

London-headquartered 1fs Wealth enables wealth owners to consolidate their assets, control risk, manage ownership and derive insights around their portfolio through the efficient use of data. The company’s AI-driven wealth intelligence platform is used by wealth owners and family offices around the world, who particularly value its ability to support succession planning.

The company was named Innovation of the Year at the Wealth & Asset Management Awards 2024 and WealthTech of the Year at the UK FinTech Awards 2023. Existing investors and clients include global family offices, US venture capital firms and individuals.

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