Revelation closes Special Situations fund to new investors at $400m


Revelation Capital Management, the Bermuda-based investment manager of the six-year-old Revelation Special Situations Offshore Fund, is to close the strategy to new investors at its current level of $400 million.

Set up in 2005 by former ABN Amro man Chris Kuchanny – originally as Osmium Capital – Revelation’s global special sits fund has generally performed well since inception, producing a cumulative return of some 82% since launch on annualised volatility of less than 6% and a Sharpe ratio of 1.23.

After six positive years in succession – returning 12% in 2005, 12.1% in 2006, 14.8% in 2007, 2.8%