If you're comfortable using a social media website to stay in touch with friends and family but queasy about talking to your hedge fund manager via Facebook, HedgeWave LLC aims to calm your jitters.
Hedge funds go social with HedgeWave
Using the best available network technology, HedgeWave will debut in the fall to provide alternative investment managers, institutional investors and service providers with a private, secure forum on which to conduct business and share information for free.
The social media site is the brainchild of Amr Mohamed, founder and president of the New York-based company. Mr. Mohamed said in an interview that investment managers will be able to provide investors with returns, analytics and instant updates about their portfolios. Investors, in turn, can aggregate information about multiple hedge funds and other alternative investments.
You might want to schmooze your Facebook, Twitter and LinkedIn friends now: Membership of the hedgewave.com forum is by invitation only.