Institutional Investor reports on a range of startups trying to create platforms for investors to connect online with hedge fund managers.
Members-only Web sites with names like CapIntro.com, HedgeACT.com and HedgeConnection.com promote their online offerings as an alternative to real-world meet and greets. They argue that capital introduction – the practice, traditionally performed by prime brokers and third-party marketers, of bringing together hedge funds and qualified investors so they can perform initial due diligence and discuss mutual goals – is faster and cheaper on the Internet.
