Technology driven investment firm's Canadian offering launches with alts platform and portfolios
Advisors will have access to a new platform to help them manage investments in alternative assets.
Obsiido Alternative Investments Inc. has launched in Canada – initially in Ontario, British Columbia, and Alberta - with new offerings for investors and wealth advisors to access high-quality alternative assets.
"Obsiido is a one-stop shop for the alternative investment needs of wealth advisors and individual investors. We recognize the fragmented access and complexity associated with allocating to private market investments and hedge funds and have set out to remove these impediments through our investing platform, the first of its kind in Canada, and our unique investment solutions," says Nimar Bangash, CEO of Obsiido.
First to launch are the firm’s proprietary alternative investments platform and two innovative flagship alternative investment solutions, but an advisor-focused platform is due to follow.
The new advice platform for individual investors – Obsiido Direct – is a digital managed account platform which provides access, education, and guidance to help those with a minimum $25,000 to invest in the kind of alternative assets that would previously have required far higher levels of investment.
The still-to-be-launched wealth advisor focused platform is an AI enabled education and administration platform being designed to remove many points of friction wealth advisors face when investing in alternative investments.
Alts portfolios
Also launched are The Obsiido Portfolios, two open-ended fund-of-fund solutions with diversified exposure across alternative asset classes.
They will allocate to third-party funds managed by Canadian alternative asset managers including the Carlyle Group, HarbourVest Partners, Blue Owl Capital, SAF Group, and Bonnefield Financial, and target a strategic allocation of at least 85% in private markets focused investment funds globally.
- Obsiido Alternative Growth Portfolio will seek to achieve attractive long-term risk-adjusted returns by investing substantially all of its assets in a diversified portfolio of alternative investments, including but not limited to private equity, real assets, private credit and hedge funds.
- Obsiido Alternative Income Portfolio will seek to generate consistent income while preserving capital by investing substantially all of its assets in a diversified portfolio of income-generating alternative investments, including but not limited to real assets, private credit and hedge funds.
"The ability for wealth advisors to access high-quality managers in turn-key portfolios, which can be purchased monthly via Fundserv, greatly simplifies the process of allocating to alternative investments in client portfolios," says Sean O'Hara, CIO of Obsiido.
