Thursday, 26 November 2015
Last updated 13 hours ago
Feb 26 2013 | 12:55pm ET
New York-based and London-based Revere Capital Advisors has opened its portfolio of early-stage hedge funds, the Revere Emerging Managers Founders Fund, to investors.
Institutional clients and other external investors will have access to the fund, which Revere launched last April with proprietary capital to exploit “the most compelling investment opportunities” arising from its systematic research process.
The fund, which allocates to a concentrated portfolio of 10-12 managers, is domiciled in the Caymans; carries a $1 million minimum investment; and management and performance fees of 1% and 7.5%, respectively. Redemptions are quarterly, on 93 days' notice, the administrator is ISIS Fund Services and the auditor is Ernst & Young.
Said Camilla Balmer, Revere managing director, in a statement: “The early identification of these funds has allowed our team to build a lower cost portfolio by taking advantage of discounted fees offered to early investors. We are pleased to be able to share news about the REM Founders Fund and we hope that investors will be encouraged to learn more about it.”
Revere Capital Advisors was founded in 2008 by several former senior Man Group executives.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…