According to the announcement, Revolution Funds benefit from hedge fund investing experience within the minority/women-owned universe and from the transparency and institutional level of risk management provided by the separately managed account structure.
Attucks manages $1.8 billion in assets and has 10 years of experience working with emerging and minority/women-owned firms, including what a press release described as “a successful hedge fund-of-funds with a 5-year track record”. Riverside manages over $2 billion and specializes in transparent hedge fund investing on the HFR Platform of separately managed accounts, where it says investors receive daily transparency, independent risk management, due diligence, and safeguarding of assets.
Les Bond, CEO of Attucks, said, “We are excited about the investment options this new partnership provides to institutional investors who are seeking competitive performance, attentive due diligence, increased transparency, and independent risk management. Combining Attucks’ understanding of this marketplace and experience managing a hedge fund-of-funds product with HFR’s transparent platform, metrics, and research capabilities will provide clients with an attractive investment option in an often overlooked part of the hedge fund space. Studies show that emerging and minority/women-owned hedge fund managers offer very competitive returns compared to their peers.” Joseph Nicholas, Founder of the HFR Group of companies, added, “Revolution Funds blend our firms’ core competencies to deliver a specialized product with institutional appeal.”
Formed in 2001 in Chicago, Attucks is a minority-owned and operated business. The firm’s current clients include some of the largest pension funds across the country, according to the announcement.