United States:
New Public Alternative Funds - 25 May, 2017
26 May 2017
Kramer Levin Naftalis & Frankel LLP
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New Public Alternative Funds
Fund Name:
|
Putnam PanAgora Managed Futures Fund
|
Adviser:
|
Putnam Investment Management LLC
|
Sub-Adviser(s):
|
PanAgora Asset Management Inc.
|
Fees:
|
1% Management Fee
|
Open- or Closed-End:
|
Open-End (Mutual fund)
|
Investor Restrictions:
|
$500 minimum initial investment (currently waived; Putnam
reserves the right to reject initial investments of less than $500
at its discretion)
|
Filing Date:
|
May 23, 2017
|
Effective Date:
|
Pending
|
|
|
Fund Name:
|
PanAgora Market Neutral Fund
|
Adviser:
|
Putnam Investment Management LLC
|
Sub-Adviser(s):
|
PanAgora Asset Management Inc.
|
Fees:
|
1.3% Management Fee
|
Open- or Closed-End:
|
Open-End (Mutual fund)
|
Investor Restrictions:
|
$500 minimum initial investment (currently waived; Putnam
reserves the right to reject initial investments of less than $500
at its discretion)
|
Filing Date:
|
May 23, 2017
|
Effective Date:
|
Pending
|
|
|
Fund Name:
|
Putnam PanAgora Risk Parity Fund
|
Adviser:
|
Putnam Investment Management LLC
|
Sub-Adviser(s):
|
PanAgora Asset Management Inc.
|
Fees:
|
0.75% Management Fee
|
Open- or Closed-End:
|
Open-End (Mutual fund)
|
Investor Restrictions:
|
$500 minimum initial investment (currently waived; Putnam
reserves the right to reject initial investments of less than $500
at its discretion)
|
Filing Date:
|
May 23, 2017
|
Effective Date:
|
Pending
|
|
|
Fund Name:
|
Vivaldi Opportunities Fund
|
Adviser:
|
Vivaldi Asset Management LLC
|
Sub-Adviser(s):
|
RiverNorth Capital Management LLC and Angel Oak Capital Advisors
LLC
|
Fees:
|
Management fee payable on a monthly basis at the annual rate of
1.4% of the Fund's average daily Managed Assets.
|
Open- or Closed-End:
|
Closed-End (Exchange traded)
|
Investor Restrictions:
|
$1,500 minimum initial investment, $500 minimum subsequent
investment
|
Filing Date:
|
May 22, 2017
|
Effective Date:
|
Pending
|
|
|
Fund Name:
|
Invesco High Income 2024 Target Term Fund
|
Adviser:
|
Invesco Advisers Inc.
|
Sub-Adviser(s):
|
None
|
Fees:
|
Not specified
|
Open- or Closed-End:
|
Closed-End (Exchange traded)
|
Investor Restrictions:
|
Minimum investment of 100 common shares
|
Filing Date:
|
May 10, 2017
|
Effective Date:
|
Pending
|
|
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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