Aspiriant Risk-Managed Real Asset Fund filed a preliminary prospectus on November 3. This fund will use a fund of funds strategy with an investment objective of long term capital appreciation. The draft prospectus registers $1,000,000 in shares for sale, although that can be increased in the future. Aspiriant Risk-Managed Real Asset Fund Strategy Aspirant Risk […]
The Investment Company Act of 1940, which defines the landscape for retail investment products recently turned 80 years old. Tender offer funds and Interval funds are increasingly popular structures that fit into this category but they are only one part of a much broader landscape. Lets take a closer look at the different types […]
The unlisted closed end fund sector continues to grow. So far in 2020, nine new tender offer funds have filed initial registration statements. These new funds encompass a wide variety of strategies, and a wide range of fund sponsors. Our fund launches page contains a downloadable list of new tender offer funds. This article […]
There are two types of unlisted closed end funds: interval and tender offer. Both types can work for a wide variety of asset classes and strategies, serving as available tools in investor portfolios. In this article we compare and contrast, outlining the most important similarities and differences between interval and tender offer funds. Key […]
Unlisted closed end funds are a rapidly growing investment niche. Why is there so much interest in this structure? There are five fundamental benefits to unlisted closed end funds. Investor Access Alternative investments play an important role in portfolio construction by providing diversification, reducing volatility, and enhancing long term returns. However, traditionally many of the […]