Ladenburg Thalmann Debuts Alternative Strategies Fund

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.”