Revere Capital Advisors, the London and New York-based boutique emerging hedge fund manager specialist, has launched its portfolio of early-stage hedge funds, the REM Founders Fund.
For several years, Revere has employed an investment process that seeks to identify hedge fund managers at the conception of their business. After identifying new launches, the REM research and investment team evaluates all relevant managers through a defined and repeatable due diligence process.
Revere has opened the Revere Emerging Managers (REM) Founders Fund to institutional clients and other external investors. They will also be able to access the entire Revere Emerging Managers research universe, as well as insight and advice from the team.
Revere decided to launch the REM Founders Fund last year in order to allocate its proprietary capital to some of the most compelling investment opportunities that were arising from its systematic research process and to develop a firm track record. In April 2012, the REM Founders Fund was formed with a view to allocating to a concentrated portfolio of 10 to 12 high conviction managers.
Camilla Balmer, managing director at Revere, says: “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. We are pleased to be able to share news about the REM Founders Fund and we hope that investors will be encouraged to learn more about it.”