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FINANCE: Artivest's Platform Gives Investors Needed Tool
Picture a shopping cart full of reams of documents. Now picture a FedEx plane full of those carts.
That's the story Artivest founder and CEO James Waldinger likes to tell to illustrate the volume of subscription documents - the documentation that spells out the particulars of an investment agreement - that can be associated with the sale of securities in an investment fund.
For big private equity firms and hedge funds, the required communication alone makes offering shares to individual investors an unattractive proposition.
But as interest in alternative investment strat egies - those that involve investments outside of the traditional trio of stocks, bonds and cash - continues to intensify as investors look for ways to diversify their portfolios, enthusiasm is rising on the part of the funds and investors alike to reduce the complexity of such relationships.
The Merger
Altegris, a La Jolla firm that has been researching and managing alternative investments since 2002, has merged with Artivest, a fintech company in New York that has developed a platform to link private-equity firms and hedge funds with investors via funds its creates and manages.
Terms of the deal weren't disclosed.
The combined company, which operates as Artivest with offices in New York and...