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Ladenburg Thalmann Debuts Alternative Strategies Fund

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Ladenburg Thalmann Financial Services announced Wednesday that Ladenburg Thalmann Asset Management Inc., a subsidiary, had launched an Alternative Strategies Fund. The fund opened on Tuesday and is available only to the 1,000 advisors with either Ladenburg Thalmann & Co., Triad Advisors or Investacorp.

The fund, according to the prospectus, is a newly organized, continuously offered, nondiversified, closed-end management investment company that is operated as an interval fund. Philip Blancato, president of Ladenburg Thalmann Asset Management, said in a statement, “At Ladenburg, we’ve focused on providing our clients with access to a diversified alternative investment portfolio of high-quality REITs and other asset classes while creating greater liquidity.”

According to Blancato, the fund “presents investors with an opportunity to own alternative investments, but with lower minimums and a simpler investment process. As a registered fund, there are no accreditation requirements.” Minimum investment in the fund is $5,000, making it accessible, said Blancato, to the retail investor. In addition, it “offers . . . daily purchases with quarterly redemptions.”

The fund is made up of alternative investments in up to ten asset classes; these include, but are not limited to, real estate investment trusts (REITs), master limited partnerships (MLPs), managed futures, equipment leasing, gas/oil private partnerships, and royalties.