AmericaVest Launches Mortgage Fund

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.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note