AmericaVest Unveils Hedge Fund

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.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note