Singapore robo adviser Endowus has added US hedge fund firm Bridgewater Associates to its alternative investment lineup by teaming up with French asset manager Amundi.
The move gives Endowus’ clients in Hong Kong and Singapore access to the investment strategies of the Connecticut-based firm founded by Ray Dalio.
“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,” Endowus says in a statement on February 7.
According to Amundi South Asia Chief Executive Officer Albert Tse, the company has a longstanding relationship with Endowus to design and offer industry-leading funds on the robo adviser’s platform. Last June, they teamed up to launch Amundi’s low-cost passive index series.
“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,” he says in the statement.
Established in 2019, Endowus now has over S$2 billion (US$1.28 billion) of assets under advice.
Paris-based Amundi had 2.06 trillion euros ($2.15 trillion) of assets under management as of end-2022.
