Sunday, 29 March 2015
Last updated 1 day ago
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.
Mar 9 2015 | 6:35am ET
As 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…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…