Today LendingRobot launched a new alternative lending hedge fund called LendingRobot Series to add to its suite of products. This...
LendingRobot has announced the launch of a new alternative lending hedge fund; Lend Academy provides details in their article; the new fund will add to the service offerings at LendingRobot which currently include aggregated marketplace lending investment accounts for both retail investors and financial advisors; the new LendingRobot Series fund will invest in online loan origination platforms and offer multiple strategies for investors with expected net returns ranging from 6.86% to 9.66%; the fund is only open to accredited investors and requires a minimum investment of $100,000; it has a 1% management fee with fund expenses of up to 0.59%. Source
LendingRobot shares returns for the second quarter; aggregated return for the LendingRobot series was 2.7% year to date; there are currently four risk-based funds in the series ranging from short term conservative to long term aggressive; loans included in the funds are from Lending Club, Prosper, Funding Circle and Lending Home; the series funds are available to accredited investors for investment. Source
Merger will result in the largest robo-advisor in marketplace lending; the companies will operate separately for now but the company aims to take the best of both platforms; the funds offered will be streamlined with the LendingRobot Series fund being the focus going forward; Bo Brustkern, co-founder and CEO of NSR Invest, will be leading the new entity with Emmanuel Marot, co-founder and CEO of LendingRobot, acting as a special advisor; the new entity will have $150 million in assets under management with over 8,000 clients. Source
LendingRobot is launching a new fund for accredited high net worth investors and using a basket of new technologies to automate management of the fund; LendingRobot plans to use automated portfolio algorithms and automated platform investing to manage the fund; it will also use blockchain for fund reporting and fund auditing; Kadhim Shubber of Financial Times shares information on recent Lending Club performance as well as thoughts from UK-based fund P2PGI. Source
Building on the success of the LendingRobot Series Fund announced in January 2017, LendingRobot has launched LendingRobot Professional; the product has new advisor-focused features and functionality and can be optimized by advisors for multiple clients; it has an advisor minimum of $250,000. Source
When it comes to investing in the marketplace lending space, many individual investors have relied on various tools to help...
LendingRobot and NSR Invest are robo-advisors in marketplace lending; the firms have now merged to become the largest robo-advisor in the space; Lend Academy discusses the history of each company and the reasoning behind the merger; discusses the unique aspects of each offering and what the go forward plan is for the merged company. Source
No More Content