New York (HedgeCo.Net)- Finvest Asset Management has announced the launch of The Finvest Yankee fund, its first multi-strategy hedge fund that will offer exposure to emerging managers through managed accounts.<\/p>\n
According to Levy Berkowitz, compliance and operations manager at Finvest, the Yankee fund has allocated $10 million to each of ten different emerging hedge fund managers, who will manage their allocations in separately managed accounts.<\/p>\n
With an investment minimum of $1 million and a capital of $250 million. the hedge fund plans to allocate capital to a further eight to 10 managers next month. The fund has a 1\/10 fee structure and quarterly redemptions with 30 days notice and an ultimate capacity of $2 billion.<\/p>\n
Although the portfolio allocates capital to a number of managers, Berkowitz does not consider The Finvest Yankee fund to be a fund of hedge funds (FoHF). “Whereas in a FoHF, the money is allocated to the actual hedge fund, in Finevest\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s offering, Finvest manages the risk of these managed accounts and maintains ownership of these assets,” he explains.<\/p>\n
Using a proprietary risk reduction model, the fund invests in managers that implement the following strategies: convertible arbitrage; dedicated short-bias; emerging markets; equity market-neutral; merger arbitrage; distressed and high yield; credit arbitrage\/capital structure; fixed-income arbitrage, long\/short equity; macro; managed futures\/CTA; multi-strategy; and event-driven.<\/p>\n
Finvest Capital Management is a private investment firm that manages, identifies, analyzes, invests in, and monitors alternative investment strategies. Finvest also manages over $400 million in various single-strategy hedge funds.<\/p>\n
Alex Akesson<\/p>\n
Editor HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds! New York (HedgeCo.Net)- Finvest Asset Management has announced the launch of The Finvest Yankee fund, its first multi-strategy hedge fund that will offer exposure to emerging managers through managed accounts. According to Levy Berkowitz, compliance and operations manager at Finvest, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6331","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6331"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6331\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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