The increasing popularity of high yield bond funds brings the issue of liquidity mismatches to the forefront. There are plenty of opportunities in credit, but investors need to find the right vehicle for the right strategy. When the average high yield bond only trades nine times per week, a daily liquidity structure such as a […]
The CIM Real Assets & Credit Fund(CIM RACR) officially launched on May 4, 2020, when the SEC approved their prospectus. CIM RACR is available in four share classes: C Shares (RACRX), A Shares (ARACX), I Shares (IRACX) and L Shares (LRACX). The minimum investment for Class C, A, and L shares is $2,500, and the […]
Interval fund performance during the global financial crisis (GFC) of 2008-2009 provides a useful case study for understanding how Covid-19 might impact the sector. Although the global pandemic and economic shutdown we are currently experiencing is unique, every financial crisis has certain characteristics in common. How a Financial Crisis Impacts Interval Funds First the bad […]
Goldman Sachs is in the midst of a strategic realignment to focus more on alternative investment strategies and retail investors. The new Goldman Sachs interval funds are a prime example of this new approach, and a precursor to a massive structural change in the retail alternative investments industry. Goldman started reporting Consumer and Wealth Management […]
We often receive questions from financial advisors about interval fund liquidity. Perhaps you’ve found a fund with a top notch sponsor, and a strategy that fits perfectly in your client’s portfolio, but have concerns about how easy it is to exit. Understanding the nuances of interval fund liquidity will help you make use of this […]