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XA Investments Contributes to FundFire Article More Hedge Funds Move toward Interval Fund Market

Chris Larson from FundFire reviews how hedge funds are finding market share in the interval fund space. Larson describes Catalyst’s and Perini Capital’s new fund, along with a new fund from Wellington Management (as signals of this shift). The article also features insights from Kimberly Flynn, CFA, on these funds and the interval fund industry at large.

The entrance of these hedge funds demonstrates how the interval fund market is drawing a variety of fund strategies, with Flynn pointing out that “many hedge fund managers are interested in attracting a different audience, diversifying revenues and entering the growing wealth management space.” For this reason, hedge funds are finding success with retail and institutional investors alike who have gravitated towards interval funds due to increased transparency and ’40 Act protections.

Generally, Flynn has “observed an uptick in hedge fund strategies in the pipeline” as multiple other hedge funds have filed in the past few months. Now that interval funds have been successful, with the 20 biggest interval funds having over $2 billion in assets respectively, hedge funds finally have proof that the interval fund structure works. Flynn also believes that since there has been “positive performance trends for hedge funds the last three years, it makes sense that we are seeing more hedge funds explore this [interval fund] product structure.”

To read the full article, please click here.

For more information on interval funds, please visit our CEF Market Research page. Click ‘Subscribe’ for access to XAI’s new online research portal and pricing info. The in-depth XA Investments Quarterly Market Updates for Non-Listed CEFs and Listed CEFs provide actionable insights and consolidated data, including market statistics, IPOs, recent fund filings, sponsor data, and market overview information.

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