Saturday, 27 December 2014
Last updated 3 days ago
Sep 14 2006 | 12:00am ET
AmericaVest Capital Management has launched its flagship hedge fund, a mortgage fund with a 10% annual fixed priority return. The Fort Lauderdale, Fla.-based firm will not charge any fees on the AmericaVest 10/10 Fund until it has achieved that return on a quarterly basis, though investors will share in only 10% of profits above that level.
The fund will invest in all-manner of commercial and residential mortgage performance, from performing to distressed, as well as hard-money loans. It plans to securitize and liquidate those pools to make its return.
The fund is being managed by AmericaVest’s co-managing members, Robert Damigella and Nelson Garcia. There is a $250,000
minimum investment level in the 10/10 fund, with a 36 month
lockup. After the lockup period ends, investors are entitled to quarterly redemptions.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.