Thursday, 2 October 2014
Last updated 13 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...