SCG Asset Management Offers the Market's First Equity-Linked Note Interval Fund
SCG Asset Management LLC ("SCG"), a seasoned provider of derivative-based investment solutions, today reintroduced the Alternative Strategies Income Fund ("Fund"), a continuously offered, closed-end interval fund focused on equity linked notes ("Notes"). The actively managed Fund invests in a portfolio of Notes and seeks to provide high income with consistent quarterly distributions, regardless of market regime.
Through its proprietary Selector model, SCG designs a high income paying portfolio that is well diversified across timespans, industries, and sectors. The Fund also seeks to provide low to moderate volatility and low correlation to the broader markets.
"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 / Chief Executive Officer and Chief Investment Officer.
With investment minimums as low as $5,000 and no accreditation requirements, the Fund can be offered to any investor through an advisor, including retirement accounts. There are no subscription documents and no Schedule K-1 tax forms.
Experienced Team
Mr. Sachs and SCG's management team have over 100 years of experience in investing, risk management and investment product development. In 1993, Mr. Sachs founded Deerfield Capital Management LLC, which focused on fixed income arbitrage, relative value trading strategies and structured products. Deerfield had $17 billion in assets under management when it was sold in 2007.
In addition to the Fund, SCG aims to expand the overall asset management platform and the utilization of its proprietary Selector model to include: a suite of customized 1940 Act funds focused on income and growth (white labeled and direct), separately managed accounts and wrapped derivative solutions, as well as investable rules-based indices for certain institutional partners. SCG is also looking to source strategic investments that are accretive to the overall platform.
SCG has offices in Nashville, New York, Chicago and Miami, and its experienced team of quants and data scientists is led by Chief Analytics Officer, JD Opdyke. In addition, in May 2023, SCG announced the appointment of Ian Merrill, Kevin Murphy, and Todd Dilatush to senior executive roles at the firm.
The Fund does not constitute a balanced investment program and does not guarantee it will meet its investment objective. An investment in the Fund is subject to a number of risks. This press release does not contain all of the information that you should consider before investing in shares. You should review the more detailed information contained in the prospectus, particularly the information set forth under the heading "Risk Factors." Please refer to the Fund's prospectus for discussion on potential risks and other information regarding your investment in the Fund. Shares of mutual funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any agency, and involve investment risks, including the possible loss of the principal amount you invested. To access a comprehensive list of charges, costs, and sales fees, please refer to the prospectus.
SCG is a SEC Registered Investment Adviser under the Investment Advisers Act of 1940 ("Advisers Act"). Additional information about the Fund, including a Statement of Additional Information ("SAI") dated October 1, 2023, has been filed with the Securities and Exchange Commission ("SEC"). A copy of the prospectus and other information can be obtained without charge by writing the Fund at c/o Ultimus Fund Solutions, LLC, P.O. Box 541150, Omaha, Nebraska 68154, by calling toll free 1-833-860-1407, or by visiting www.ltafx.com. The SAI, and other information about the Fund, is also available on the SEC's website at http://www.sec.gov. The address of the SEC's website is provided solely for the information of prospective shareholders and is not intended to be an active link.
The information presented in this press release is neither an offer to sell nor a solicitation of an offer to buy any interests in the Fund.
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