Is Xcapx a mutual fund?
Fund Profile
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.
Who manages 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 an ACAP fund?
The Fund. ACAP Strategic Fund (the “Fund”) is a Delaware statutory trust that is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a closed-end management investment company. The Fund operates as a diversified investment company.
What are interval funds?
Definition: An interval fund is a closed-end mutual fund that doesn’t trade on an exchange and only allows investors to redeem shares periodically in limited quantities. These funds can own illiquid investments that ordinary mutual funds cannot.
Is Alkeon a hedge fund?
Alkeon Capital Management, a New York-based hedge fund, has crushed the broader market this year by its increased wagers on mega-cap tech firms, online retailers as well as work-from-home plays.
Are interval funds risky?
Are Interval Funds Risky? Interval funds can be considered riskier than standard mutual funds. This is so because they are illiquid and the illiquidity may be a risk to certain investors. Additionally, interval funds can invest in alternative assets, which are inherently riskier than traditional stocks and bonds.
Do interval funds pay dividends?
Interval funds receive passive dividend and interest payments from their holdings, and they regularly pass that money on to shareholders as distributions. In most cases, dividends come from a fund’s stock holdings and interest comes from debt holdings like bonds.
Who runs Alkeon capital?
Panayotis “Takis” Sparaggis
The team is headed by Panayotis “Takis” Sparaggis, who is the controlling person of Alkeon and who coordinates all investment, trading and arbitrage activities. Alkeon’s team consists of: CIO. 6 analysts.
Are interval funds a good investment?
Interval funds do have higher yields than standard mutual funds; however, they also come with higher fees and are illiquid. If an investor does not need the liquidity and the returns are higher than the fees, particularly when compared to a standard fund, interval funds can be a good investment.
How are interval funds taxed?
Mostly, interval funds are debt-oriented. Thus, long-term capital gains tax is applicable if these are held for more than 36 months. This tax is fixed at 20% with indexation benefits. On the other hand, short-term capital gains are parts of one’s income and are taxed based on income tax slabs.
Are interval Funds risky?
Do interval Funds pay dividends?