SCG Introduces Equity-Linked Note Interval Fund
SCG Asset Management, a derivative-based asset manager based in Nashville, TN, has relaunched the Alternative Strategies Income Fund, a continuously offered, closed-end interval fund focused on equity-linked notes.
The actively managed Alternative Strategies Income Fund (LTAFX) invests in a portfolio of Notes and seeks to provide high income with quarterly distributions, regardless of the market environment.
“The Fund is well-suited for a diversified, income generating alternative asset allocation in an investor-friendly 1940 Act structure that trades at NAV with the efficiency and transparency of a single ticker symbol,” said Gregory H. Sachs, Chairman, CEO and CIO.
SCG creates a high-income earning portfolio that is diverse across timeframes, industries, and sectors using a proprietary model. In addition, the fund aims to deliver low to moderate volatility and low correlation to the broader markets.
Sachs established Deerfield Capital Management LLC in 1993, with an emphasis on fixed income arbitrage, relative value trading methods, and structured products. When Deerfield was sold in 2007, it had $17 billion of assets under management.
The Fund can be offered to any investor through an advisor, including retirement accounts, with investment minimums as low as $5,000 and no accreditation requirements. There are no subscription documents or Schedule K-1 tax forms.
