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Revere Capital Advisors LLC announced the re-launch of Bayswater Asset Management LLC, a systematic, fundamental global macro manager based in San Francisco. Revere, a New York and London based investment group focused on emerging hedge fund managers, said the new launch reflected its commitment to source the most talented emerging hedge fund managers.

Bayswater Asset Management LLC was co-founded in 2004 by Dr. Eva Xu and Daniel Schuessler who had previously spent over seven years working together at Mellon Capital Management as a Director of Research and Currency Strategist and Director of Hedge Funds, respectively. Bayswater's first managed account was seeded in August 2004 with $25m from Man Global Strategies. This investment grew to over $900m and at its peak AUM in August 2007, the firm managed over $1.14 billion on behalf of global institutional investors, funds of funds and family offices.

The highly volatile market conditions caused the Bayswater Asset Management team to close their first managed account in August 2008. After making significant improvements to the risk management controls, including the addition of a discretionary override capability, the new Bayswater fund was launched in July 2009.

Revere Capital Advisors LLC, was founded by a number of former senior executives of the Man Group, including ex-Chairman and CEO Harvey McGrath and former Finance Director Daniel Barnett, to invest in ear......................

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