Monday, 25 May 2015
Last updated 2 days 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.
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…