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, 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.

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.

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’s offering, Finvest manages the risk of these managed accounts and maintains ownership of these assets,” he explains.

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.

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.

Alex Akesson

Editor
HedgeCo.Net
Email: Alex@hedgeco.net

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com.

Comments are closed.