Alpha Alternative Assets Fund
AAACX
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- Alpha Alternative Assets Fund (AAACX) is a closed-end interval fund managed by Alpha Growth Management LLC that seeks current income and long-term capital appreciation through investments in esoteric and longevity-based alternative assets, including life settlements, structured settlements, royalties, legal finance, and similar illiquid securities. The fund employs a dual-sleeve portfolio structure comprising illiquid longevity assets for higher alpha potential and a liquid sleeve to support quarterly repurchases of at least 5% of outstanding shares and quarterly dividends with end-of-year true-ups; it offers Class I shares (AAACX) and Class A shares (AACAX) with a minimum investment of $2,500, a management fee of 1.50%, and an expense limitation of 2.40% through at least January 31, 2026. The fund, headquartered in an office supporting Alpha Growth PLC's operations and distributed through platforms such as Charles Schwab and BNY Mellon Pershing, primarily targets sophisticated investors seeking lower correlation to traditional equity and bond markets, with geographic focus on U.S.-based assets though managed by a firm with international ties including a London-based parent. In a major strategic shift, Alpha Growth Management LLC, a subsidiary of Alpha Growth PLC, assumed investment advisory responsibilities for the fund on September 2, 2022, reorienting its strategy toward longevity and niche assets from its prior identity as A3 Alternative Income Fund; this transition has driven positive performance, including a 7.44% net return for the trailing twelve months ended May 31, 2025, 5.85% year-to-date through December 31, 2024, and 0.99% for full-year 2023.