Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Former Man Group chiefs launch ‘emerging manager’ fund

Former Man Group chiefs launch ‘emerging manager’ fund

Revere Capital Advisors, a boutique started by several former executives at Man Group, is launching a fund investing in early-stage hedge funds.

The Revere Emerging Managers (REM) Founders fund is based on the firm’s research which identifies hedge fund managers at the start of their business.

After identifying new fund launches, REM’s research team evaluates the relevant managers from which to select, to form a concentrated portfolio of between 10 and 12 high conviction managers.

The fund was initially launched last year in order for REM to allocate its proprietary capital and develop a track record, before rolling it out to third party money.

Camilla Balmer of REM said: ‘The early identification of these funds has allowed our team to build a lower cost portfolio by taking advantage of discounted fees offered to early investors.’

The fund, which is domiciled in the Cayman Islands, has a base currency of US dollars with a 1% management fee and 7.5% performance fee, while redemption is quarterly upon 93 days’ notice.

REM is a specialist emerging hedge fund manager boutique based in London and New York, having been founded in 2008.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter