New updates and improvements to Hedonova
Hedonova is pleased to announce that it has been awarded the Best Multi-Strategy Hedge Fund at the prestigious Hedgeweek European Awards 2023. The awards, which recognise excellence among fund managers and service providers in Europe across a wide range of categories, were presented at an exclusive ceremony and networking event at the Reform Club in London on March 9th, 2023.
Hedonova has invested $2 million in UpMarket's seed round at a post money valuation of $20 million from our venture arm. Upmarket's mission is similar to ours - to provide access to alternative investments like pre-IPO companies, private equity, venture capital and hedge fund to as many people as possible. While we took the route to create a fund, Upmarket built a market place - think Amazon for alternative investments.
Forbes interviews our CEO Alexander Cavendish. Alex talks about how we work with a lean team, automate as much as possible and why staying small and nimble is important in asset management.
Our financial engineer Chitra Kadam writes about the basics of carbon credit and carbon financing on Times of India.
It is our belief that the field of carbon capture and storage will be of paramount importance in the coming year, as the world strives to achieve carbon neutrality by 2050. Despite the progress that has been made in the realm of nature-based carbon avoidance and removal, it is clear that additional infrastructure will be required to effectively remove carbon from our environments and store it deep underground. In this regard, we have identified the CO2 storage space as a particularly promising area for investment and intend to allocate capital accordingly. Specifically, we will be investing a minimum of $20 million in the energy storage space over the next two years.
Last week, we invested $16 million (around 4% of the fund) in a energy storage plant in Chile. In 2022, Hedonova’s assets under management grew significantly from $160 million to $406 million giving us ample cash to make larger investments. This particular investment is part of our equipment finance portfolio. The plant uses CRYObatteries, a new energy storage technology that use electricity to pressurize air until it turns into a liquid. When the stored energy needs to be released, the liquid air is heated, which leads to rapid expansion of air using which a turbine generated electricity.
In order to provide quicker and convenient client support, we have dedicated a WhatsApp line. Our new (and verified) WhatsApp number is +1 213 340 1334. Please use this number for instant support.
Hedonova is now a member of FLAIA, the leading open access platform for the alternative investment community including sovereign wealth funds, pension funds advisors and family offices.
Hedonova investors no longer need to fill up subscription documents manually. We have pushed live automated subscriptions, where on investing or redeeming, subscription documents will be updated and emailed within a few seconds and also uploaded on the dashboard.
Hedonova has been nominated by Bloomberg and Hedgeweek under the category of 'Best multi-strategy hedge fund' for 2022. The winner is decided by votes and we would be utterly grateful if you vote for us.