Sunday, 28 December 2014
Last updated 3 days ago
Oct 18 2006 | 12:10pm ET
AmericaVest Capital Management has launched a mortgage-backed hedge fund that charges no performance fee until it has returned 10%.
The Fort Lauderdale, Fla.-based firm’s AmericaVest Partners “10/10” Fund will invest in underperforming and distressed mortgage loans, as well as newly-originated hard money loans. The fund seeks to limit volatility by then liquidating the loans.
“Our goal is to provide qualified clients the opportunity to participate in fixed priority returns that are backed by real and tangible assets,” said Brian Plunkett, the firm’s senior portfolio manager.
The fund charges a 2% management fee, and investors share in 10% of its returns above 10% quarter-on-quarter. The minimum investment is $250,000.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.