オルタナ研究所
オルタナティブ投資の主な調査結果とプロファイル:アジア投資家These closed-end funds do not trade on exchanges but allow shareholders to buy shares at regular intervals and make periodic offers to repurchase shares at their net asset value (NAV).
This semi-liquid structure is designed to encourage long-term investing by allowing investment managers to allocate to less liquid instruments, such as loans, structured products and illiquid private debt.
Interval funds have the following features and potential benefits:
Daily valuation
NAV priced daily but not listed on an exchange
Periodic liquidity
Investors may sell shares back to the fund at NAV periodically
Investment transparency
Regular regulatory filings provide details on portfolio holdings
Simplified tax reporting
Shareholder distributions reported annually on Form 1099