Hedonova
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| Hedge Fund | |
| Industry | Investment management |
| Founded | 2020 |
| Founder |
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| Headquarters | Los Angeles, California, United States |
Key people |
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| Website | hedonova |
Hedonova is an American alternative investment management firm founded in 2020 by Alexander Cavendish and Suman Bannerjee.[1] Headquartered in LA, California with offices in Paris, Singapore and Zürich. Hedonova invests in asset classes like wine, equipment finance, carbon credit, litigation finance, art, students, startups,[2] real estate, and other alternative asset classes.[3]
The firm is regarded as a successful hedge fund with a unique investment portfolio that has managed to get a net return of over 55.2% annualized IIR since inception. Cryptocurrency and litigation financing are the highest-earning assets of Hedonova with annualized returns of 700 percent and 58 percent, respectively. Hedonova also makes investments with other alternative asset plarforms like Masterworks, Fundrise, Otis and other.[4]
History and operations
Hedonova was founded in 2020 and is structured as a SEC qualified Delaware LLC 506(c) Regulation D fund. Hedonova, within a year, expanded its presence globally signing with investors from over 21 countries. The company currently has a core team of 30+ members including investors, economists, researchers, engineers, and marketers, who are ex-traders from Davidson Kempner (one of the largest hedge funds in the world.) The highlighting feature of Hedonova is that it has a minimum investment of $1000, which is rather modest when compared to other platforms.[5]
Hedonova is currently led by Alexander Cavendish, who serves as the CEO, and Suman Bannerjee, who serves as the CIO. Under their leadership, the company has created a vast portfolio spread across a diversified range of access classes, geographies, and risk profiles.[6] Hedonova operates feeder funds in India, Singapore and Luxembourg in order to expand presence in Europe and Asia.[7]
Funding
Hedonova has raised a total of $35.8M in funding over 4 rounds from major investors including Everbright and Northstar Global Partners. Their latest funding was raised on May 9, 2022 from a Series A round. The company manages $400 Million as of April 2023.[8]
Portfolio
Hedonova's portfolio is diverse, with a combination of investments that increase in value and income-generating assets that give out a consistent income, resulting in a well-balanced portfolio..[9] These include:
- Equipment finance
- Litigation Finance
- Real Estate
- Startups
- Cash
- Carbon credit
- Agronomy
- Music Royalty
- Art
- Wine
In the media
References
- ↑ "Hedonova - Crunchbase Investor Profile & Investments". Crunchbase. Retrieved 23 December 2021.
- ↑ "Hedonova". EU-Startups. Retrieved 23 December 2021.
- ↑ Lee, Allen (14 September 2021). "10 Things You Didn't Know about Hedonova". Money Inc. Retrieved 23 December 2021.
- ↑ "Hedonova - MoneyMade". Hedonova - MoneyMade. Retrieved 23 December 2021.
- ↑ "Hedonova Review- Global Hedge Fund". Random Dimes. 3 October 2021. Retrieved 23 December 2021.
- ↑ "Hedonova: Now, anybody can invest in alternative assets from anywhere". rivercountry.newschannelnebraska.com. Retrieved 23 December 2021.
- ↑ "A hedge fund for everyone / A fund for everything from music royalties to carbon credits". www.ibtimes.sg. 7 January 2022. Retrieved 8 January 2022.
- ↑ Staff, Editorial (25 October 2021). "HEDONOVA: A Fund For Alternative Assets Including NFTs". startupanz.com. Retrieved 23 December 2021.
- ↑ Team, Editorial (9 December 2021). "Invest in portfolio of startups, art, wine and NFTs with just $1000". The IndianPreneur. Retrieved 23 December 2021.