Who runs ACAP Strategic fund?
SilverBay Capital Management
The ACAP Strategic Fund (“the fund” or “the Strategic Fund”) is an equity-focused interval fund managed by SilverBay Capital Management, an arm of Alkeon Capital.
What is ACAP Strategic fund?
ACAP Strategic Fund is a closed-ended equity mutual fund launched and managed by SilverBay Capital Management LLC. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund was formerly known as Madison Avenue Global Fund.
What is a interval fund?
An interval fund is a type of investment company that periodically offers to repurchase its shares from shareholders. That is, the fund periodically offers to buy back a stated portion of its shares from shareholders. Their shares typically do not trade on the secondary market.
What are interval funds?
An interval fund is a type of investment company that periodically offers to repurchase its shares from shareholders. That is, the fund periodically offers to buy back a stated portion of its shares from shareholders. Shareholders are not required to accept these offers and sell their shares back to the fund.
What is an example of an interval fund?
The Pimco Flexible Credit Income Fund, which aims to provide a flexible approach to credit investing, is one example of an interval fund. Investing in higher-yielding, less liquid assets presents a challenge in open-end mutual funds, which have daily liquidity.
How does an interval fund work?
How do interval funds work?
Is an interval fund a 40 Act fund?
Interval funds are legally classified as closed-end funds, and are registered under the Investment Company Act of 1940 and typically subject to the Securities Act of 1933 and the Securities Exchange Act of 1934.
What is a continuously offered fund?
A continuously offered closed-end fund is a type of investment company that periodically offers to buy back a stated portion of its shares from shareholders, generally every three, six, or twelve months, as disclosed in the fund’s prospectus.
Which debt fund is best?
The table below shows the best-performing debt funds based on the last 5-year returns:
| Mutual fund | 5 Yr. Returns | 3 Yr. Returns |
|---|---|---|
| ICICI Prudential Constant Maturity Gilt Fund – Direct Plan – Growth | 9.13% | 12.49% |
| Nippon India Nivesh Lakshya Fund – Regular Plan – Growth | — | 12.44% |
| ICICI Prudential Constant Maturity Gilt Fund | 8.93% | 12.28% |
Which type of mutual fund gives highest return?
Here is the list of top 10 schemes:
- Axis Bluechip Fund.
- Mirae Asset Large Cap Fund.
- Parag Parikh Long Term Equity Fund.
- Kotak Standard Multicap Fund.
- Axis Midcap Fund.
- DSP Midcap Fund.
- Axis Small Cap Fund.
- SBI Small Cap Fund.