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Endowus broadens partnership with Amundi to access alternatives including Bridgewater Associates’ strategies

February 7, 2023

Endowus, Asia’s leading digital wealth platform, today announced a new partnership with Amundi’s Alternatives business line to provide Endowus Private Wealth clients with access to the strategies of Bridgewater Associates, LP (“Bridgewater”), a global leader in institutional portfolio management and the largest hedge fund in the world. This partnership will expand Endowus’ alternative investment offerings for accredited investors in Singapore and Hong Kong, as well as deepen its strategic partnership with Amundi across passive, active and now alternative investment solutions. 

Over the past year, Endowus has added over 100 curated funds to its Fund Smart offerings, including private market and alternative strategies managed by KKR, Partners Group, Millennium, Blackrock, QuantEdge, UBS, and now Bridgewater. Founded in 1975 in New York City, Bridgewater’s track record spans nearly 50 years, and is grounded in its ability to understand how global economies and financial markets operate and using bespoke, cutting-edge technology to translate that understanding into constructed strategies. This has allowed the firm to become the largest hedge fund manager globally, and one of the leading advisors to the world’s most sophisticated institutional investors. 

“Creating opportunities for our clients to access institutional-quality, industry-leading investment solutions to help them reach their wealth goals has been our core mission since day one,” said Samuel Rhee, Chairman & Chief Investment Officer of Endowus. “We are excited to work with our partners, Amundi and Bridgewater, to provide our clients the opportunity to invest into Bridgewater’s time-tested investment solutions. These offerings will now be part of our broadening suite of private market and alternative investments on the Endowus platform, which allows individual investors to implement their diverse asset allocation needs all seamlessly on a single Endowus app.” 

Albert Tse, Amundi’s South Asia CEO said, “Through Amundi Alternatives, we have continually been enriching the offerings for our clients, who are actively seeking good and effective opportunities to invest in alternative assets. We have a longstanding relationship with Endowus in designing and offering industry-leading funds through the platform – for instance the launch of Amundi’s low cost passive index series last year. We are delighted to be partnering with them to onboard the Bridgewater strategies funds to its platform and meet its clients’ growing and sophisticated needs.”

Amundi Alternatives is a business line created by Amundi on January 1st, 2022 upon the acquisition of Lyxor Asset Management. Amundi Alternatives is responsible for designing and distributing funds and investment solutions in the alternative investment space in partnership with or by investing with recognised hedge fund managers in the industry. It relies on a dedicated sales force and on the global clients division of Amundi for the distribution of its products.

Endowus provides access for its accredited investor clients to institutional-quality investment managers. As with all Endowus offerings, there are no sales charges or transaction fees for access to alternatives offerings. As a fee-only, independent wealth advisor, it returns 100% of any trailer fees received as cashback to its clients.

Endowus leads the industry in developing technology and solutions that automate and digitalise the customer experience, bringing best practices and global standards to the digital wealth management industry. As the first provider of innovative digital CPF investment solutions, Endowus has been expanding its offerings through the Endowus Private Wealth hybrid service with dedicated human advisors that complement its cutting-edge technology. It has also been introducing a range of exclusive alternative investments and private market access products on its Fund Smart platform. The platform showcases Endowus’ investment office capabilities, including in-depth research, extensive due diligence and exclusive access to industry-leading funds at the lowest cost achievable as well as in generating value-added educational content. 

Download the full appendix here.