New Investing App Launches

Melbourne, Nov 29: Unhedged, a new robo-investing platform giving everyday investors access to sophisticated algorithm tools, will be available to retail customers and those on a waiting list from today.
There’s been much excitement about the arrival of Unhedged, advanced algorithm tools have previously been accessible only to wealthy and experienced wholesale investors – until now.
Unhedged has raised $3.3 million to date and attracted big-name investors, including Zip investors Alvin Singh and Bosco Tan, as well as previous Commbank MD, and Hearts and Minds Investments CEO, Paul Rayson.
The app stands well apart from the rest of the robo-advisor crowd thanks to its proprietary algorithms where traditional robo-advisors continue to have humans making investment decisions, Unhedged adds data points instantly, as the trading day progresses.
With Unhedged, everyone can get a piece of the investment action – with just $100 minimum needed to get started.
Peter Bakker, co-founder and CEO of Unhedged believes the current system is unfairly skewed towards wealthy people and wants to see investing made simple and accessible for everyone.
“In Australia, there are a few funds that use algorithmic trading, which are generally only available for rich people.

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So it makes those who are already wealthy, wealthier.
Our mission is to create equal wealth opportunities for everyone.
“Both the wealthy and non-wealthy should have access to the same sophisticated investment products,” he said.
Bakker along with co-founders Glenn Vanbavinckhove and Saskia Albers – who have worked for hedge funds, investment banks and top tier consultants – were inspired to create Unhedged, knowing everyday investors are usually so disadvantaged.
“The younger generations are having great difficulty buying a home,” Bakker said.
“It’s hard for them to get the same opportunities their parents might have had.
“Now there’s a real fear of not being able to get ahead.
“And I believe that’s a space where we can help people of all walks of life to invest because our app is very simple to use.
“There is no strategy required as our algorithms take care of the decision making for you.
“The fear of not getting ahead and lagging compared to other generations is hopefully one we can help with.”
Bakker has spent more than 10 years working in statistics and building algorithms to trade in overseas financial markets.

L-R they are Peter Bakker, Saskia Albers, Glenn Vanbavinckhove. Image Supplied.
From left to right: Peter Bakker, Saskia Albers, Glenn Vanbavinckhove. Image Supplied.

Play Before You Pay

“With my own investments, I realised two-three percent of my money was going to management fees.
“And I knew if I switched to another account, I’d just create more costs again,” Bakker said.
“So, we are being very transparent by letting people play with the app before they invest.
“And we believe our service desk will be the best in the industry.
“Our staff are trained to a very high level, the more trained our people are, the more transparent we are.”
Unhedged is a game changer in many ways.
It lets people use “play money” in demo-mode so they can see exactly what happens when they invest.

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Strategy-based Trading

Unhedged co-founder and COO, Saskia Albers said the biggest downside of traditional trading platforms is that it’s very difficult to get good returns.
What a trading platform doesn’t do well, is help you with a strategy.
“Those platforms don’t help you think about what you should actually invest in,” Albers said.
“Our algorithms actually do that for you.
“They make the trading decisions instantly and based on millions of data points.“
“So, Unhedged has two main things you need in order to invest, an easy, accessible platform with low fees.
“And a good strategy that helps you invest wisely.
“Both of these factors are essential for people to start investing, and Unhedged does both.”
While the minimum amount you can invest is $100, you can add funds and withdraw funds, whenever you choose.
“And there are no transaction fees on top of that.
“The only two fees include an asset management fee and the pay for success fee.
“So, only as your portfolio grows, and we beat the benchmark, Unhedged gets rewarded.
“Makes sense to align incentives.
“And this is very easy for people to understand,” she said.
Unhedged is designed to make investing easy and our quantitative analysts are continuously working to improve the AI to create new strategies and add more diversified markets.
The algorithms are based on rigorous academic research and have proven to be highly reliable in backtesting.
“Our proprietary algorithms are literally scanning the market every second for opportunities,” Albers said.
Over 7,000 people have been on the waiting list for Unhedged, 30 percent of the waitlist consists of women.
According to Saskia, this is both promising and unusual because women are typically more cautious about investment than men.
“I’m keen to see women getting actively involved in the app.
“For so many women, apart from their income and their superannuation, they don’t use many other pathways to wealth creation.
“Unhedged is positioned to give them another option.”
“Algorithmic investing is a smarter way to invest and it’s where the market is going forward.
“We are very excited to launch because there are so many people eager to start using it right away.”

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