Hedgeye Risk Management, a New Haven, CT-based independent financial research and media company, just closed its first outside financing of undisclosed amount.
Investors included high net worth individuals and 500 Startups.
the company did say that it will deploy the capital as part of a broader media-focused strategy for the company.
Led by CEO and Founder Keith McCullough, Hedgeye Risk Management combines quantitative, bottom-up and macro analysis with an emphasis on timing generating to deliver actionable investment ideas. It produces a wide variety of proprietary and essential audio, video and written content, which is distributed globally across multiple platforms. Hedgeye also provides content and analysis for major media outlets including Fortune Magazine and CNBC television. for more information.
Commenting on the investment, Dave McClure, Founding Partner of 500 Startups, said: “I’ve always been a fan of no-BS analysis, and Hedgeye helps even Wall Street idiots like me tell the difference between bulls and bears”.