Fort Lauderdale, FL-based AmericaVest Capital Management LLC has launched the AmericaVest Partners LP '10/10' Fund, which focuses on mortgage-backed investments.

Available to qualified accredited and institutional investors, the Fund seeks to preserve capital, capture value, and mitigate risk primarily through the acquisition, management and liquidation of underperforming or distressed mortgage loans and the purchase of newly originated residential hard money loans.  AmericaVest rigorously analyzes mortgage loans, mortgage-backed securities and related hedging vehicles in order to construct portfolios that target absolute returns and outperformance of the equity and bond markets, with low volatility.

The Senior Portfolio Manager of AmericaVest Partners LP is Brian Plunkett. The architect of AmericaVest's investment strategy, Plunkett has more than 24 years of experience with real estate investments. Prior to AmericaVest, he was the Co-Founder and Executive Vice President of American Residential Equities, Inc. (ARE) where he served as the Fund Manager of more than 25 individual mortgage-backed investment funds. During his tenure with ARE, Plunkett spearheaded the acquisition and liquidation of over USD 500 million in loans, while providing investors with a fixed income investment.

'At AmericaVest, we believe that diversification, low correlation to traditional asset classes, consistent returns, and capital appreciation can be achieved through active portfolio management and exposure to a combination of carefully selected pools of mortgage loans,' Brian Plunkett. 'Our goal is to provide qualified clients the opportunity to participate in fixed priority returns that are backed by real and tangible assets.'

The AmericaVest Partners LP '10/10' Fund offers a fixed priority annual return of 10%. While the priority return is not guaranteed, AmericaVest does not participate in any of the performance of the portfolio until after investors have received their priority return on a quarter-over-quarter basis. Once the specified fixed annualized priority return is achieved, investors then share in 10% of the fund's net profits.

The fund charges a 2% management fee and the minimum investment is USD 250,000USD. The Fund's auditor is Spicer Jeffries LLP, the administrator is Trident Financial Services LLC and Roger L Shaffer Esq serves as the Firm's legal counsel.

Based in Fort Lauderdale, Florida, AmericaVest Capital Management is an investment firm focused on delivering absolute returns to high net worth private and institutional investors. The firm's management team consists of Co-Managing Members Robert D Damigella and Nelson A Garcia, and Senior Portfolio Manager Brian Plunkett. Through separately managed accounts the Firm can also tailor portfolios based on client guidelines for performance, volatility, and liquidity.

       

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