Man Group Vets Launch Emerging Hedge Fund Manager Platform

Oct 8 2008 | 10:22am ET

A group of former Man Group executives has set up a new shop that aims to help emerging hedge fund managers get off the ground.

The new firm, Revere Capital Advisors, will take equity stakes in emerging hedge funds in return for supporting their sales, marketing and distribution efforts. Revere will also offer corporate, administrative, compliance and IT services to hedge funds.

The firm is looking to build a portfolio of non-correlated managers with less than three years' track record and assets under management of less than US$50 million with the ability to scale up to more than 10 times that amount.

The firm’s portfolio currently includes San Francisco-based Broadmark Asset Management, a commodity hedge fund, and Dickson Capital Management, a fundamental long/short shop.

The group was founded by Daniel Barnett, former E.D. & F. Man CFO, and other former senior executives of Man Group, including Harvey McGrath, Michael Stone and John Kinder.

Revere currently has dedicated teams in London, New York and San Francisco.


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