Hedonova
4.5
4.5
Author: Kaitlyn Short
Started in 2020, Hedonova is a hedge fund focused on alternative investments with offices all over the world. Alternative investments describe investments that do not fall in conventional categories like stocks and bonds. Hedonova’s portfolio diversifies with startups, real estate, fine art, wine, cryptocurrencies, and other assets. Hedonova’s single fund structure provides a way for shareholders to invest without needing to manage the day-to-day distribution of its investment.
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The Good
- All Investors Welcome
- Easy Start Up and Management
- Attentive Customer Support
All Investors Welcome
Hedonova is accessible to all investors and is no longer reserved for accredited investors only, as it was when it started. Investors can invest with an entry minimum of $5,000. This is steep compared to other funds. Hedonova is unique as investors get to diversify with one fund but that may or may not be worth a minimum investment so much higher than other options.
Investors should be aware that a fund with alternative investment classification is not regulated by the SEC, has higher risk, as well as more complicated taxes.
Easy Start Up and Management
Hedonova has a simple application process customers need to complete in order for approval to invest in its fund. A simple website and app help clients manage investments at any time. Unique to Hedonova’s fund, investors have no lock in period and no exit fee if they choose to pull their shares. In this regard, Hedonova’s fund acts more like a mutual fund with those perks.
Investors can choose to invest with 401K or IRA monies. The company's fees are comparable to other hedge funds. Hedonova charges 1 percent of the total investment as an annual flat fee, plus investors need to pay a performance fee of 10 percent on increase in shareholder dividends. These fees are tax deductible. If Hedonova’s fund performs as it claims, the fees are not excessive compared to the investment growth.
Attentive Customer Support
Many reviewers claim Hedonova investor relation representatives are the cream of the crop when it comes to customer service. Current and past investors claim quick response time to inquiries, helpful and courteous interactions, and knowledgeable guidance on investments. Attentive customer support is valuable and crucial to investors feeling comfortable with trusting a hedge fund in general.
The Bad
- Pricey Buy-In
- Limited Track Record
Pricey Buy-In
The minimum entry amount is $5,000. If investors do not feel comfortable with that amount, there are plenty other investment funds that have a much lower entry amount.
Limited Track Record
Hedonova is a young fund. As with any financial investment, past returns will not guarantee future return performance. Those investors who err on the side of caution will want to look for investment opportunities with a more established fund option.
The Bottom Line
Hedonova may be a good fund choice for someone who wants a simple way to diversify their portfolio. It has great customer service, many positive reviews, a short but good track record, and does not charge an arm and a leg to take your money out when you want.
Anyone looking to invest should do their own research on this fund and decide for themselves. We think this fund is a suitable option for those that are interested in alternative assets and feel comfortable with this amount of financial risk.
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