Variant Investments, LLC is an employee asset manager that has been making big moves in the alternative credit and interval fund space. According to a recent press release, Variant hired industry veteran Kristi Combs as chief operating officer. Here is some background on Combs: Before joining Variant, Combs was managing director and head of client […]
Interval Fund Assets now exceed $67 billion, up approximately 14% from the previous year. There are currently 92 active interval funds, of which 86 have reported assets. Credit continues to be the most popular strategy, with $34 billion in net assets, slightly more than half of total for the sector. Real estate is the second […]
In 2020, the world received a series of dangerous crash courses on epidemiology, exponential growth, and social psychology. When the Covid-19 pandemic broke out in the first quarter, the OECD Composite Leading Indicator showed the sharpest monthly drop in economic activity ever recorded. Governments around the world responded to the pandemic with stimulus plans unprecedented […]
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 […]
Total interval fund net assets equaled $27.3 billion as of the most recent public filings, up 27.1% compared to the prior year, but down 0.8% compared to the prior quarter. In late 2018 and early 2019, new fund launches were offset by stock market volatility, and redemptions at funds focused on reinsurance and insurance linked securities.
In the most recent quarter, 34 active interval funds reported net asset increases, and 20 reported net asset declines. Additionally, 11 funds recently launched and have not yet filed their first financial statements. Click here for current AUM data on all 64 active interval funds. Premium members also have access to historical AUM data
The following list shows the five fastest growing interval funds, based on net asset growth in the most recent reported quarter: