Four new interval funds filed registration statements in November. Fund Name Strategy Registration Date Denali Structured Return Strategy Fund Credit 11/28/2023 Cion Grosvenor Infrastructure Fund Infrastructure 11/22/2023 Nuveen Enhanced Floating Rate Income Fund Credit 11/21/2023 Octagon XAI CLO Income Fund Credit 11/13/2023 For a list of all interval funds with pending registration statements, see New […]
To assist advisers considering the unlisted closed-end fund wrapper for new products, Ultimus collaborated with Interval Fund Tracker to examine predominant fee structure options and trends across various strategies in the interval fund marketplace targeted to retail and high-net-worth investors. Click here to access the full report. Annual fund expenses are typically found in a […]
In an increasingly competitive capital raising environment, asset managers need to differentiate themselves by developing alternative investment strategies that add true value to investor portfolios. They also need to innovate in terms of product structure. Interval funds offer a compelling option for active managers with proven strategies to raise capital from the widest audience possible.
Note: XA Investments contributed this article 1. Start the Process with Sales The sales, distribution, national accounts and marketing strategy is often overlooked or discounted by investment strategy-led firms. Many first-time fund sponsors begin drafting the N-2 prospectus before working through the various sales and marketing considerations, which can impact the terms and structure of […]
All interval funds must be governed by a fund board of directors. Like a corporate board of directors, the board of an interval fund registered under the Investment Company Act of 1940 (the “1940 Act”) has a fiduciary duty to represent the interests of the fund’s shareholders. The operations of the fund, however, are clearly different than those of a corporation.