(Reuters) Seattle-based financial technology startup LendingRobot is launching an automated hedge fund that will invest exclusively in loans originated on peer-to-peer (P2P) lending platforms, the company said on Thursday. Similarly to online investment startups known as “robo-advisors,” the new fund will use algorithms to automatically buy and sell assets on behalf of its clients without the need for human investment advisors.
While many robo-advisors have emerged over the past few years, the vast majority focus on investing in equities through low-cost exchange traded funds, rather than illiquid alternative assets such as P2P loans.
