The following Hedonova Review is a sponsored collaboration with Hedonova. Disclosure: I am not your advisor, so always do your own research when it comes to investing.
Did you know that you can invest in assets such as wine, paintings, startups, cryptocurrencies, real estate, music royalties and more, all in one simple fund?
If you are looking for a different type of investment, Hedonova may be something you want to explore further.
Hedonova is a US-based alternative investment fund management platform. It’s like a mutual fund, but for alternative assets like art (e.g. Monet), wine, cryptocurrencies, startups (like SpaceX) and more.
In addition, with Hedonova you can start investing from as little as $1,000.
In today’s Hedonova review, I’ll answer questions like:
What is Hedonova? What is an alternative investment? How does owning works of art work? Who can use Hedonova? Is Hedonova legit? How much does it cost to use Hedonova?
Click here for more information about Hedonova.
Below is my Hedonova review
What is Hedonova?
Hedonova was founded in 2020 by Alexander Cavendish and Suman Bannerjee. The platform was created to give people more freedom to invest in what they want, wherever they want in the world. Hedonova consists of a team of 16 investors, economists, researchers, engineers and marketers, with team members located all over the world.
Hedonova is a hedge fund open to people all over the world.
It consists of over 12 alternative asset classes in one simple fund. They invest in alternative assets such as art, wine, crypto, startups, NFTs, real estate and more.
These are the categories in which Hedonova invests.
What is an alternative investment?
Hedonova is definitely different, which is refreshing to see, when it comes to their investments and asset classes
When you think of a traditional investment, you might think of stocks in a company like Amazon or Apple. But with Hedonova it is different.
As you can see in the image above, they invest in assets such as:
Startups – Hedonova invests in startups such as SpaceX, Swiggy, Flexport and others. Crypto Real Estate – They invest in commercial real estate, data centers, industrial buildings, vacation homes and warehouses in countries around the world. Art – They invest in art created by the top 100 artists such as Claude Monet, Jean-Michel Basquiat, Arpita Singh, Cecily Brown and more. Wine and Whiskey Music Royalties Students and their careers
And more. They have a wide variety of alternative investments in their fund as you can see.
You can check out their exact portfolio here for more information.
Does Hedonova own the artwork? How does this work?
Okay, so you’re probably wondering how this all works. Do they own the artwork and have it physically located somewhere? Can I go and see and enjoy the artwork? How does something like artwork + Hedonova work?
Hedonova does not own the artwork herself.
Here’s what they say about this question:
“Rather than owning artworks directly, we invest through special purpose vehicles and syndicates set up by specialist art investment firms, art dealers, galleries or private banks. Usually, a special purpose vehicle (SPV) is jointly created by a few investors such as Hedonova, who acquires and stores the artwork. These SPVs are Delaware LLCs regulated by the United States SEC under Regulation A. The SPVs have no debt, no assets other than the artwork, and do not engage in any activities other than ownership, maintenance, and eventual sale of the artwork. We buy common stock of the SPV which helps us gain exposure to the artwork in the form of a traceable security.”
Who can use Hedonova?
Hedonova is open to both US and international investors around the world.
Is Hedonova legit?
Yes, Hedonova is legit. However, there are pros and cons, which I will discuss below.
Hedonova does charge a management fee of 1%. This will be debited from your account at the start of your investment and thereafter on an annual basis. There is also a 10% performance fee. This means that 10% of the gross profit from capital gains and dividends is charged annually at the end of each year.
You can enter and exit their fund at any time as there are no exit fees. You can request a partial or full redemption from Hedonova via email or on their website and the time required depends on the liquidity of the asset and can take up to 30 days.
That said, there is risk when you invest with Hedonova. They have a risk disclosure that lists things like:
“Hedonova makes speculative investments and carries a high level of risk.” “Any investment in Hedonova should be discretionary capital reserved strictly for speculative purposes.” “An investment in Hedonova is not suitable or desirable for all investors. Only Qualified Eligible Investors are allowed to invest.” “Hedonova’s offering documents are not reviewed or approved by federal or state regulators.” “Hedonova has little or no operating history or performance and may use hypothetical or pro forma performance that may not match the actual investments made by the manager or advisor and should be carefully assessed. Investors should not place undue reliance on hypothetical or pro forma performance.”
You can read more about their risk disclosure here.
Hedonova review – Short summary
Hedonova is certainly an interesting way to start investing, and I’ve never seen anything like it before.
If you’re looking for new assets to invest in (such as wine, cryptocurrency, music royalties, students, startups, and more), Hedonova is an option to try something new and potentially diversify into new areas.
There is a high degree of risk (which Hedonova is clear about) and Hedonova does charge management and performance fees.
But you can get started on their platform with as little as $1,000 which is nice because with low money you can easily familiarize yourself with their alternative investments.
Click here for more information about Hedonova.
Do you have any questions I’d love to answer for this Hedonova Review? Would you invest in alternative assets? Why or why not?
This post Hedonova Review – How to Invest in Art, Wine, Startups and More
was original published at “https://www.makingsenseofcents.com/2022/03/hedonova-review.html”