Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Your Business: Cover Star Club

Profile: Barclays' former advisory boss on his move into property

Profile: Barclays' former advisory boss on his move into property

On paper, Rick Denton might have been expected to finish his career in banking

Wealth Manager on Twitter