Like it or not, digital assets such as bitcoin are an increasingly important asset class. As the Federal Reserve expands its balance sheet at record speed, more and more investors are looking to add digital assets as a complement to or substitute for commodities and real assets. Global macro legend Paul Tudor Jones has invested […]
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 […]
Alternative investments are no longer alternative- they’ve become an essential part of retirement planning. Retirees are increasingly investing in non-traded REITs, interval funds, and private placements in order to generate income and grow their assets.
The Versus Capital’s new real assets interval fund was declared effective by the SEC on August 17, 2017. Versus Capital Real Assets Fund, LLC is seeking to raise $450 million in a continuous offering. Minimum initial investment is $10 million(RIAs can aggregate accounts to get to the minimum). The fund will have one share class. and the management fee will be 1.50% of net assets.
Versus Capital is familiar with the interval fund space. It also manages Versus Capital Multi-Manager Real Estate Income Fund LLC, an investment company with $1.7 billion in assets. See Active Interval Funds for more information on this fund.
Recent links:
What are Interval Funds? – Wall Street Journal
Some researchers think there will be both a need and a demand for exposure to such assets in the near future. Low returns from traditional investments by historical standards will lead to a “steady stream of assets moving into alternative investments,” says a 2016 report from consulting firm McKinsey & Co. “These flows will be redirected heavily toward illiquid private markets.”
Interval funds may also provide a boost for financial advisers in a world where passive investing in funds that track market indexes is the rage.
“What retail investors now hold is largely a portfolio of passive exchange-traded funds, so the alternative-assets domain is how the adviser will add value to the client,” says Kimberly Flynn, managing director of XA Investments LLC in Chicago.
Alts offer a new course- – Financial Advisor Magazine
Pioneer ILS Interval fund hits $305m, some loss impact in half-year -Artemis
Also, registration is still open for the Adisa Due Diligence Forum. This event is designed for industry professionals who are employed with a Broker-Dealer, RIA, Family Office, Due Diligence Firm, or select others, that offer alternative investments in their business.