Wednesday, 4 March 2015
Last updated 3 hours 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…