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Revere Capital Advisors acquires Align Advisors to expand its manager research capability

Tuesday, September 14, 2010
Opalesque Industry Update - Revere Capital Advisors has announced the acquisition of Align Advisers, an emerging manager hedge fund research and advisory business based in New York. Revere, a New York and London based hedge fund platform and investment company focused on emerging managers, said the acquisition reflected its commitment to investors to identify and seed the most talented new hedge funds.

Align was founded by Stefan Zellmer to provide institutional investors research and advisory services on emerging hedge funds. Stefan will become the head of Revere’s manager research team. Stefan was formerly head of hedge fund research at UBP Asset Management and cohead of research at Arden Asset Management. He will be supported by senior analyst Michael Barron who also joins from Align, as well as the existing Revere research team. The expanded research platform will enable Revere to offer clients a broader array of products in the emerging manager space.

Dan Barnett, Revere’s founder and CEO said, “We are delighted to have the talent, quality and industry experience of Stefan and his team join Revere. The emerging manager space is experiencing a cyclical surplus in investment talent, resulting in an outstanding opportunity for hedge fund seeders. Revere is currently raising capital for a hedge fund seeding vehicle which we expect to allocate across 12-15 additional hedge funds over a four year period.”

Revere Capital Advisors was founded by a number of former Man Group executives, to invest in early stage hedge funds. The company aims to provide investors with access to the most talented emerging managers with a rigorous level of due diligence and on-going risk monitoring. For its partner managers, Revere offers sales, marketing and distribution capabilities coupled with corporate and advisory functions.

The current managers on Revere’s platform include Dickson Capital Management, a fundamental long/short equity fund based in London, Bayswater Asset Management, a systematic global macro manager based in San Francisco, Broadmark Asset Management, a San Francisco manager running futures and long/short full exposure strategies focused on the US market and Quest Partners, a managed futures hedge fund in New York. Corporate website: http://www.revereglobal.com

(press release)

- FG

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