XA Investments

12/01/2023 Discover CLOs

Collateralized loan obligations (CLOs) may be an attractive alternative for investors seeking higher yields than traditional fixed income investments.

10/20/2023 10 Lessons Learned in Launching Interval and Tender Offer Funds

Interval and tender offer funds have become increasingly popular among GPs and asset managers looking to launch retail-friendly fund structures that preserve the characteristics of illiquid alternative investment strategies. Managers interested in launching an interval or tender offer fund need to understand the steps, timing and risks accompanying each phase of a fund’s life.

05/09/2023 Reframing Farmland as an Investment

With a total value exceeding US$2.9 trillion, more than 190 crop types, and over US$230 billion in aggregate crop production value, the U.S. farmland market represents a significant - and growing - market for investment.

12/31/2022 Launching an Interval Fund: Clear-eyed approach critical to a successful launch

Over the past several years, the interval and tender offer fund market has experienced explosive growth, reaching $131.9 billion in assets under management. Managers interested in launching an interval fund need to understand the steps, time frames and risks accompanying each phase of the launch process, including the $100 million in AUM milestone, which can be viewed as a fund's practical starting point.

05/20/2021 Finding Success in the London-Listed Fund Market

U.S.-based managers are increasingly turning to London Stock Exchange, the most venerable market in the world for publicly traded closed-end investment companies, known in the U.K. as investment trusts.

11/20/2020 Auction Funds

In recent years, interval and tender offer funds have improved access to alternatives. Now auction funds provide enhanced liquidity for illiquid private market assets.

12/09/2019 The Interval Fund Renaissance: Why Should Investors Care?

Kimberly Flynn, CFA | Managing Director of Alternative Investments
When people think of traditional investment vehicles, they often think of mutual funds, ETFs, or private funds. But in recent years, a type of non-listed closed-end fund, known as the 'interval fund', has enjoyed a renaissance.

10/14/2019 Using Alternatives to Achieve Your Retirement Goals

David Adler | Senior Advisor to XA Investments on Economics
Modern advancements in closed-end fund (CEF) design allow individuals access to a broader set of alternative investment options for retirement portfolios.

12/20/2018 Overcoming the "Liquidity Mismatch" in Individual Investor Portfolios

David Adler | Senior Advisor to XA Investments on Economics
This thought piece explores how financial advisors can help clients harness the liquidity premiums generated by less liquid asset classes - and avoid paying for excess liquidity.

06/19/2018 Closed-End Funds: Providing Newfound Access to Institutional Alternatives

Closed-end funds (CEFs) have evolved considerably over the past two decades. Historically, CEFs have contained more traditional asset classes but repurposing them for the sake of offering unique entry to alternatives presents an opportunity for the investor.

05/23/2017 Invest Like the Pros: Using Liquidity Premiums to Drive Better Portfolio Outcomes

David Adler | Senior Advisor to XA Investments on Economics

This paper explores how investors can use liquidity premiums to drive better portfolio outcomes. It provides actionable ideas regarding the use of illiquid alternatives to help generate higher returns.

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