The Active Investment Company Alliance (AICA) announces their September 29th and 30th Tax-Free and Tax-Advantaged Income for Investors Educational Event (4 CE Credits) prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Closed-End Funds Offer Attractive Yields, Tax-Advantaged Options
John Cole Scott, CFS, is Chief Investment Officer of Closed-End Fund Advisors. Mr. Scott has worked at Closed-End Fund Advisors since 2001. He holds the FINRA 66 License and the Certified Fund Specialist designation (CFS). He is a graduate of The College of William and Mary and has been quoted and interviewed widely in the financial press, and has presented at conferences and for investment groups on more than 50 occasions. In 2008 Mr. Scott founded CEFA’s Closed-End Fund Universe, a data service covering all U.S. listed closed-end funds and BDCs. Currently supported by an internal 10-member data and analysis team, the service covers the 600+ ticker universe of CEFs/BDCs/iCEFs. They regularly do consulting and projects for CEF/BDC sponsors, hedge funds and institutional investors. He is a Portfolio Consultant with over $300MM+ in deposits into a UIT focused on BDCs with a fund sponsor partner. He developed 35 CEF/BDC
/PRNewswire/ AICA is pleased to announce a half-day education event for Financial Advisors Institutional Investors and Individual Investors covering the.
Interval fund structures have been widely adopted by the institutional management sector, including for commercial real estate.
Real estate interval funds are working to regain the momentum they were enjoying pre-pandemic. Steady inflows of new capital around $2.2 billion per year between 2016 and 2018 took a leap forward to $3.5 billion in 2019. Yet, as with much of the rest of the real estate investment universe, 2020 brought a drop in fundraising and negative net inflows due to a surge in redemption requests from investors.
According to data from Robert A. Stanger & Co., redemptions for 2020 totaled more than $2 billion, while fundraising slowed to $1.8 billion, resulting in net inflows of $278 million. Many in the sector are hoping that 2020 will end up being only a painful hiccup in an otherwise strong market for real estate interval funds. Interval funds are not able to gate redemption requests, and most funds allow up to 5 percent of shares to be redeemed per quarte