Saturday, 23 May 2015
Last updated 12 hours ago
Oct 25 2010 | 2:03am ET
Emerging manager hedge fund platform Revere Capital Advisors' latest addition is a little older than the two-year-old firm is used to. Revere has invested in Quest Partners, a commodity trading adviser that, like Revere itself, is based in New York.
But unlike many of Revere's other partners, Quest is no spring chicken. The firm was founded nine years ago by Enterprise Asset Management and Avalon Asset Management veteran Nigol Koulajian, making it older than Revere by seven years.
"Revere’s founders have deep rooted experience in the selection and management of CTA strategies and are delighted to be partnering with a team as well established and respected as Quest," Revere CEO Dan Barnett said. "The fund’s liquidity, transparency and over ten-year track record make it an exceptional addition to the Revere platform.”
Quest runs a systematic futures and currency trading system that is active in 50 global markets. The firm is the fourth manager to partner with Revere, following Bayswater Asset Management, Broadmark Asset Management and Dickson Capital Management.
In addition, Revere last month struck a deal to buy research firm Align Advisers. It is also fundraising for a seeding fund that will invest in between 12 and 15 hedge funds over the next four years.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…