Fidelity, CAIS Team in Alt Investment Alliance

About 3,500 wealth management firms that custody at Fidelity will gain access to alternative investment funds, including hedge funds and private equity funds, through a strategic alliance with CAIS.

Fidelity custodial clients—including registered investment advisers, broker/dealers and other financial intermediaries—will benefit from the elimination of annual custody-related fees for all fund orders executed through CAIS and held at Fidelity. Firms gain an integrated Fidelity-CAIS technology experience with streamlined workflow and above-the-line reporting. According to a statement from CAIS, advisers will be able to access funds at greatly reduced pricing—thousands, rather than millions of dollars.

CAIS allows firms access to a menu of hedge funds and private equity funds, with lower investment minimums. Other features are: independent, third-party due diligence and monitoring on all funds provided by Mercer; portfolio construction and performance analytics tools; electronic trade execution; and fund support and education.

CAIS is an independent marketplace for financial services, providing efficient access and execution to a institutional funds and products.