SAN MATEO, Calif., November 1, 2022 /PRNewswire/ — Freedom Financial Asset Management (FFAM), a Reach company — the leader in digital personal finance, received two awards for its management from the Freedom Consumer Credit Fund (FCCF) during the Hedge Week American awards 2022.
The FCCF, an investment fund managed by the FFAM, has been recognized both as the “Best Credit Hedge Fund Under $500 million” and the “Best Structured Credit Hedge Fund” during an award ceremony on October 27, 2022 in New York City. The Hedgeweek US Awards 2022 recognize fund performance and service provider excellence in hedge funds. The winners represent the best in the US hedge fund industry, from fund managers to service providers, spanning all areas of the hedge fund ecosystem. Voting for the awards was conducted in conjunction with Bloomberg via an extensive online poll of Hedgeweek’s user base, with over 29,000 votes cast in total.
“Achieve is honored to be recognized at the 2022 Hedgeweek US Awards in two separate categories,” said André Housser, co-founder and co-CEO of Achieve. “We closed 13 securitizations, demonstrating the consistency of our product structure and the steady pace of new transactions, even in difficult economic times. These awards are excellent validation of our value and reputation in the market.”
Earlier this year, Achieve, formerly Freedom Financial Networkhas been recognized as one of Top 100 fintech companies by The fintech report. Also this year, the company was named one of the top 100 corporate philanthropists in the San Francisco Bay Area speak San Francisco Business Times for the second year in a row, and was also named to the Phoenix Business Journal’s 2022 Healthiest Employers List and the The State of Arizona’s Best Workplaces in 2022 list by azcentral.com and Energize.
FFAM is the investment advisor and managing member of the Freedom Consumer Credit Fund (FCCF). Through the FCCF and its FREED ABS Trust, the FFAM has issued 13 securitizations since 2018 totaling more than $3.8 billion in personal loans originated by partner banks on the FFAM platform. The fund’s three securitizations in 2022 all received AAA ratings from DBRS Morningstar and Kroll Bond Rating Agency (KBRA). Achieve and FFAM are owned by Freedom Financial Network Funding LLC.
Participation in the 2022 Hedgeweek US Awards was open to investment managers who provide data to Bloomberg with at least three years of experience and a minimum of $50 million of assets under management during the period of May 31, 2021at May 31, 2022. Voting was open to active industry participants and organized by size and type of strategy. Additional details on the attribution methodology are available here.
The full list of this year’s winners is available here.
Reach is the leader in digital personal finance. Our solutions help everyday people engage and stay on the path to a better financial future, through innovative technology and personalized coaching. Leveraging proprietary data and analytics, our solutions are tailored to every stage of a consumer’s financial journey and include personal loans, home loans, debt relief, and financial tools and education. . Achieve is headquartered in San Mateo, California and has more than 2,700 dedicated employees across the country with centers in California, Arizona, Texas and has consistently been recognized as a better place to work.
Achieve and its affiliates are subsidiaries of Freedom Financial Network Funding, LLC, including Bills.com, LLC d/b/a Achieve.com (NMLS ID #138464) Equal Housing Lender; Freedom Financial Asset Management, LLC (NMLS ID #227977); Freedom Resolution (NMLS ID 1248929); and Lendage, LLC d/b/a Achieve Loans (NMLS ID #1810501), Equal Housing Lender.