Carl

CARL Inc. is a New York-based fintech platform (headquartered at 17 John Street, Suite 600) that operates as a digital hedge fund marketplace, giving accredited investors mobile app-based access to quantitative hedge fund strategies that were historically available only to institutional players and ultra-high-net-worth individuals. The platform curates a selection of quant funds — systematic, algorithm-driven strategies with low correlation to the S&P 500 — and lets investors build a custom fund-of-funds portfolio through a 5-minute sign-up process. Due diligence on every listed fund is conducted in partnership with Aon, and all funds on the platform share a standardized fee structure: a 2% annual management fee plus a 20% performance fee on returns above 5%.

The platform targets returns of 15–25% annually across its strategies, and differentiates itself from traditional robo-advisors by offering actual hedge fund exposure rather than ETF-based portfolios. Monthly liquidity windows replace the multi-year lock-up periods typical of institutional hedge fund investing, and real-time performance data is available directly in the app. CARL supports individual investors, institutional investors, and self-directed IRA (SDIRA) holders, broadening the use case for retirement-focused alternative allocations. The minimum investment is $20,000 for the fund-of-funds portfolio, with individual fund allocations requiring at least $2,000 each.