Singapore-based digital wealth platform Endowus has expanded its offering with a new alternatives partnership.
Endowus has formed a new partnership with Amundi’s alternatives business line to provide its private wealth clients with access to the strategies of major hedge fund Bridgewater Associates, according to a statement.
Amundi Alternatives is a business line created on 1 January 2022, following Amundi's acquisition of Lyxor Asset Management, with a focus on recognized hedge fund managers in the industry
Product Offering
Over the past year, Endowus has added over 100 funds to its offering, including private market and alternative strategies managed by KKR, Partners Group, Millennium, Blackrock, QuantEdge and UBS. And in the latest, it had also onboarded Bridgewater which was founded in 1975 in New York with a track record of nearly 50 years.
«These offerings will now be part of our broadening suite of private market and alternative investments on the Endowus platform, which allows individual investors to implement their diverse asset allocation needs all seamlessly on a single Endowus app,» said Endowus chairman and chief investment officer Samuel Rhee.
Endowus was founded in 2017 and as of August 2022, it had over S$2 billion ($1.5 billion) in assets under advice. The firm has also tripled the number of accredited investors on its platform since April 2021.
