Capitalizing on Historically Wide Discounts in the Closed End-Fund Markets – HRC Financial Group – 11.7.18
Summary:
Now On Demand.
In today’s market environment, investors continue to pursue consistent, Tax-advantaged income strategies that have the potential to offer attractive levels of income. A combination of rising interest rates and aggressive tax-loss harvesting has caused many Fixed Income closed-end fund discounts to widen out to levels not seen since the financial crisis of 2008/2009. Jim Robinson’s strategies are uncovering discounted fixed income assets amongst these closed-end funds, and are implementing hedges to mitigate the risks of rising interest rates and widening credit spreads. Actively managed portfolios of these closed-end funds seek to offer investors the income, liquidity and lower risk opportunities they seek. Join us for this in-depth conversation that will cover:
An overview of the closed-end muni and taxable bond markets
A discussion of the historic current discount levels
Interest rate and credit risk hedging strategies and portfolio construction considerations
Generating taxable and tax-advantaged income in an uncertain rate environment
Robinson Funds
Robinson Tax Advantaged Income Fund (ROBAX, ROBNX, ROBCX)
Robinson Opportunistic Income Fund (RBNAX, RBNCX, RBNNX)
Sponsors of this webcast may contact registrants. This webcast is for financial professionals only.
Speaker:
Jim Robinson Chief Executive Officer and Chief Investment Officer Robinson Capital Management
Jim founded Robinson Capital Management, LLC in 2012 and serves as Chief Executive Officer and Chief Investment Officer. Jim is a veteran investment manager and bond trader with more than three decades of experience. Jim oversees the day-to-day operations and activities, including investment strategies and processes, risk management, regulatory compliance, asset allocation modeling, external manager due diligence and selection, trading, and personnel.
Prior to founding Robinson Capital in 2012, Jim was CEO and CIO of Southfield, MI-based Telemus Capital Partners, LLC (TCP) and its subsidiary Beacon Asset Management, LLC.
Earlier, Jim served for five years as the Chairman and CEO of Birmingham-based Munder Capital Management and President of the Munder Funds, where he was responsible for an investment complex with approximately $38 billion in assets under management.
From 1987 to 1999, Jim served as Executive Vice President and Chief Investment Officer-Fixed Income with Munder Capital Management, when fixed income assets under management grew to more than $20 billion from less than $100 million. Jim was the sole architect of the firm’s successful targeted duration fixed income investment process that consistently exceeded client benchmarks during the years he directly managed the department.
Jim’s targeted duration fixed income process was particularly popular with large insurance companies and pension plans seeking to immunize their liabilities (cash outflows) with a duration matched bond portfolio.
Jim holds an MBA from Carnegie Mellon University, as well as a BBS in Finance and Economics from Wayne State University.
Overview:
Title: Capitalizing on Historically Wide Discounts in the Closed End-Fund Markets
Robinson Tax Advantaged Income Fund
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information about the Fund is in the prospectus and summary prospectus, a copy of which may be obtained by calling (800)207-7108 or by visiting the Fund’s website at www.libertystreetfunds.com. Please read the prospectus or summary prospectus carefully before you invest.
There is no guarantee the Fund will achieve its investment objective. An investment in the Robinson Tax Advantaged Income Fund is subject to risk, including the possible loss of principal amount invested and including, but not limited to, the following risks, which are more fully described in the prospectus: Management and Strategy Risk, General Market Risk, Closed-End Funds (CEFs) Risk, Municipal Bonds Risk, Fixed Income Securities Risk, Interest Rate Risk, Tax Risk, Leverage Risk, U.S. Treasury Futures Contracts Hedge Risk, Liquidity Risk, Portfolio Turnover Risk, Derivatives Risk, Short Sales Risk, Futures Risk, Options Risk, Swaps Risk and Non-Diversification Risk.
Robinson Opportunistic Income Fund
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information about the Fund is in the prospectus and summary prospectus, a copy of which may be obtained by calling (800)207-7108 or by visiting the Fund’s website at www.libertystreetfunds.com. Please read the prospectus or summary prospectus carefully before you invest.
There is no guarantee the Fund will achieve its investment objective. An investment in the Robinson Opportunistic Income Fund is subject to risk, including the possible loss of principal amount invested and including, but not limited to, the following risks, which are more fully described in the prospectus: Management and Strategy Risk, General Market Risk, Closed-End Funds (CEFs) Risk, Fixed Income Securities Risk, Interest Rate Risk, Tax Risk, Leverage Risk, High Yield (“Junk”) Bond Risk, Liquidity Risk, ETF Risk, Derivatives Risk, Short Sales Risk, Futures Risk, Options Risk, Swaps Risk, ETN Risk and Non-Diversification Risk. The Fund is newly organized with limited operating history.
Diversification and asset allocation do not guarantee a profit, nor do they eliminate the risk of loss of principal.
Distributed by Foreside Fund Services, LLC. www.foreside.com
HRC Fund Associates, Member FINRA/SIPC, is the affiliated broker-dealer of Liberty Street Advisors, Inc., the Advisor to the Fund.
HRC Fund Associates, LLC, Member FINRA/SIPC, and HRC Portfolio Solutions, LLC (together “HRC”) solicit business for investment advisers (“IAs”) through financial professional intermediaries. HRC is compensated by the IAs. Investors are not charged by the IAs (or products) for the cost of obtaining their accounts through this process, nor is there any differential in the level of advisory fees attributable to the solicitation arrangements with HRC. Some mutual funds represented by HRC are advised by affiliate Liberty Street Advisors, Inc. The information contained in this email and any attached documentation is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy. Views and opinions are those of the sender unless clearly stated as being that of HRC. Email transmissions cannot be guaranteed to be secure or error-free. Therefore, we do not represent that this information is complete or accurate and it should not be relied upon as such.
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