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.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…