Hedgeable
| File:Hedgeable, Inc. Logo.svg | |
| Company type | Privately held company |
|---|---|
| Industry | Personal finance,
Investment Management, Digital Wealth Management, Automated Investing, Portfolio Management, Investment services |
| Founded | 2009 |
| Founder | Michael Kane, Matthew Kane |
| Defunct | 2021 |
| Headquarters | New York City, United States |
Key people | Michael Kane (Co-Founder, CEO),
Matthew Kane (Co-Founder, COO), Siddharth Sharma, CFA, FRM (CTO) |
| Website | www |
Hedgeable, Inc. was a financial services and digital wealth management company based in the United States, with its headquarters located in New York City. The firm distinguished itself by actively managing investment portfolios in response to market fluctuations, rather than adhering to static asset allocations.[1]
On August 9, 2018, Hedgeable stopped onboarding new investors and required current clients to transfer their accounts elsewhere. The company clarified that it was not closing operations but was instead withdrawing its registration with the SEC.[2]
History
Established in 2009 by twin brothers Michael and Matthew Kane—both alumni of Penn State’s finance program with prior experience at firms such as Bridgewater Associates and Spruce Private Investors—Hedgeable functioned as a Registered Investment Advisor regulated by the SEC.[3] The company obtained capital from SixThirty, Route 66 Ventures, along with several angel investors.[4][5] As of August 9, 2018, the firm ceased accepting new investments.[2]
Investing Strategies
Hedgeable utilized an active management approach by modifying portfolios according to market conditions with an emphasis on protecting against losses during downturns. This approach set it apart from other robo-advisors that primarily rely on Modern Portfolio Theory.
Investment options included Exchange Traded Funds (ETFs), individual equities, master limited partnerships, private equity interests, and bitcoin exposure. Portfolios did not include mutual funds.
While its primary clientele consisted of direct consumers, Hedgeable also extended its investment methodologies to financial advisors and institutional clients through various platforms.
Product Features
The company aimed to make personal finance engaging by incorporating gamification elements for users. It supported account openings and transfers across multiple account types such as retirement, taxable, business, and others. Notable features included:
- Protection against downside risk
- Aggregation of accounts
- Access to alternative asset classes
- Alpha rewards program
- API integration capabilities
- Availability of a mobile application
The platform received a client transparency rating of 4 out of 5 from Paladin Research and earned recognition including the Finovate Fall 2015 Best of Show Award and the GREAT 2015 Tech Award in the FinTech category.
In 2016, Hedgeable introduced its inaugural iOS mobile app to enhance user accessibility.
References
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<ref>tag; no text was provided for refs named:0 - ↑ "The Razors Hedge", "Thrillist", New York, Oct 27, 2009
- ↑ "Hedgeable | Route 66 Ventures".
- ↑ Calhoun, Michael. "McKelvey’s SixThirty Picks First Four Startups for Accelerator Program", "CBS St.Louis", St. Louis, Oct 3, 2013