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
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter