The current hedge fund economic model hasn't really changed the way many other industries have.

It is still largely a cottage industry model where each fund manager has to do everything, with most of these activities providing no edge.

We see the future as efficient, knowledgeable infrastructure hubs linked to a constellation of specialized trading groups and emerging managers that can really focus on their strengths.

This will create better outcomes for the managers. And it also creates better outcomes for investors for a couple of reasons.

Firstly they avoid the time and costs of operational due diligence every time they find a new manager. Manager fee structures can reduce the management fee component as their operating costs are far lower.

And this approach will allow more new and potentially value-creating managers to get started, giving investors a broader set of investment opportunities.

In this respect, Noviscient has its own investment solutions focused on alpha, while the Fundbox.ai solution is starting to build that constellation of global emerging managers connected to our fund management infrastructure hub.

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