OpenHedgeFund was founded in 2013 (Italy) in response to financial uncertainty and the growing need to plan one’s own financial security. Currently, most financial planning has been in the hands of Banks and Financial Institutions resulting in conflict of interest and lack of trust. The new generation, born in the era of Facebook and Amazon are no longer going to the Bank to seek advice. The search for HOW and WHAT to invest in is happening online.
OpenHedgeFund is a digital platform that democratizes the access to financial instruments allowing anyone to CREATE, TEST and RUN their own portfolio strategies.
Create: start financial portfolios from scratch, by selecting an investing goal (ex. Retirement) or by cloning one of the best performing funds shared by the crowd.
Test: backtest using over 10 years of historical data including stocks and ETFs, modify it until you are satisfied with the results.
Run: publish your fund and receive up-to-date real-time buy and sell signals in a newsfeed format. It is always possible to go back modify and test your fund.
OpenHedgeFund launched their first public beta in January 2015 and offers the basic service for free (forever). In the future they will offer a premium service for 10 euro per month.
OpenHedgeFund empowers people and the community. They believe that that the knowledge of the specialized few is unmatched to the power of the community that shares and continuously builds on it’s common knowledge. The strength is in numbers, therefore OpenHedgeFund focuses on a simple and intuitive user experience, so anyone can use it easily regardless of their background.