WEST PALM BEACH, FL – HedgeCo Networks, {www.hedgeco.net} today announced a new online agreement with NCO Financial Systems Inc., a division of NCO Group, Inc. (NASDAQ: NCOG). In the agreement, NCOFinancial Systems will provide HedgeCo.Net members access to investigative hedge fund manager background reports, which until now, were almost impossible to obtain for the average investor.
The HedgeCo “Background Reports” will offer members of the Hedge Fund investor community, an opportunity to use Hedgeco Networks to investigate hedge funds and their managers for possible investment opportunities. With a set of unique and proprietary tools, never before available to the average investor, HedgeCo and NCO Financial Systems will now be able to deliver comprehensive reports to those investors.
The background reports will include any inconsistencies in the fund manager’s records and objective fund facts, which would help the investor make a more informed investment decision. This becomes of vital importance before any investor commits assets to a prospective fund, especially imperative in light of recent reports of Hedge Fund manager improprieties and criminal fraud. “The Hedge Fund Manager Background Reports will enable investors to make informed decisions about the quality and integrity of the managers prior to investing in the fund,” said Evan Rapoport, a HedgeCo Principal, from his West Palm Beach headquarters.
Hedgeco.Net is one of the most visited Hedge Fund Portals on the Internet, consistently offering its members many institutional products such as these from NCO Financial Systems. “This is another giant leap for hedge fund investors in keeping with the move for more transparency and due process in our industry. HedgeCo Networks will offer these high quality products at what would be considered very attractive pricing for this type of service. The standard reports dealing with Hedge Fund managers for US Searches, ranges from $1,110 to $2,500,” said a HedgeCo company spokesman.
HedgeCo believes this strategic partnership with NCO Financial Systems will help the qualified members of HedgeCo.Net obtain an “institutional-quality” third party report on many funds and their fund managers. The reports will be presented in a convenient and easy to understand format and HedgeCo will be able to deliver this product to its clients quickly on its password protected secure web site.
“As a result of the increasing amount of new hedge funds coming to market, it has become more important for every investor to conduct his own due diligence before making an investment. We are excited to be able to make this process easier through our partnership with a World Class industry leader like NCO Financial Systems,” said Mr. Rapoport.
About NCO Financial Systems, and NCO Group, Inc.
NCO, a leading, global provider of business process outsourcing solutions, offers accounts receivable services, customer relationship management services, and finance and accounting solutions to more than 24,000 clients, including many of the Fortune 500. They support a broad spectrum of industries, including financial services, utilities, healthcare, retail and commercial, telecommunications, education, and government services. NCO operates a global network of close to 90 operations centers running on a centralized data platform with the flexibility to respond to a rapidly changing marketplace, and to scale operations to meet client specifications.
About HedgeCo Networks
HedgeCo Networks has been helping to deliver vital Hedge Fund information and increase transparency throughout the hedge fund industry since 2002. Privately held, HedgeCo Networks operates HedgeCo.Net, Hedge Fund Lounge, Hedge Fund Employment, and Hedge Fund Tools.
HedgeCo Networks has also recently released it�s first version of the Hedge Fund Calculator, a low cost computation solution for hedge fund statistics. The HedgeCo HF Calculator is available for free download at www.hedgefundcalculator.com.
For additional information please visit www.hedgeco.net, email: erapp@hedgeco.net, or phone 561-835-8690.
