A group of former Man Group executives has launched a new hedge fund platform, Revere Capital Advisors, which aims to allow emerging hedge fund managers to focus on their core investment activity at the critical early stage in their development.Revere will adopt a private equity type model, taking strategic equity stakes in partner managers and in return leading the sales, marketing and distribution of their funds. The firm also plans to offer corporate, administrative, compliance and IT services to help funds meet investors' increased demand for solid infrastructure and risk management capabilities.The firm has been founded by Daniel J. Barnett, the former chief financial officer of commodity trading firm E D and F Man and chief executive of Broadmark Asset Management, one of Revere's first two manager partners, as well as other former senior Man Group executives including chief executive and chairman Harvey McGrath, chairman Michael Stone and head of global sugar trading and operations John Kinder.
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