iMGP Alternative Strategies Fund
MASFX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1676 N. California Blvd. Walnut Creek CA United States of America 94596
- IPO Date
- Oct 5, 2011
- CIK
- 0001020425
- Similar Companies
- Business
- iMGP Alternative Strategies Fund (MASFX) is a multi-strategy mutual fund that seeks long-term returns with lower risk and volatility than the stock market, featuring low correlation to equities and bonds through a diversified mix of alternative investment approaches; these include opportunistic fixed income from DoubleLine Capital, long-short systematic credit from Blackstone Credit (DCI), absolute return strategies from Loomis Sayles, contrarian opportunities from FPA Crescent, merger arbitrage and event-driven investments from Water Island Capital, and enhanced trend following from DBi. The fund allocates capital tactically among its six sub-advisors, with strategic targets of approximately 20% each to DoubleLine and DBi, 18% to Water Island, 15% each to Blackstone Credit and Loomis Sayles, and 12% to FPA, while emphasizing high-conviction, low-intercorrelation positions in sectors such as non-agency RMBS, CLOs, CMBS, bank loans, emerging market credit, merger deals, equities, currencies, commodities, and derivatives. Managed by iM Global Partner Fund Management LLC under the iMGP Funds umbrella, it targets financial advisors, consultants, institutions, and individual investors seeking core alternative diversification, with a net expense ratio of 1.37% (post-waiver through April 30, 2025), quarterly distributions, and an inception date of September 30, 2011. Headquartered in Walnut Creek, California, the fund operates primarily in U.S. mutual fund markets but invests globally across developed and emerging geographies in its underlying strategies. In recent developments, the fund maintained a tactical overweight to DoubleLine's Opportunistic Income strategy into 2024-2025 for its attractive yield potential, while DBi contributed strongly with 9%+ quarterly gains from equity and dollar longs amid shifting macro trends; performance through Q4 2024 delivered 6.8% annual returns, outperforming the Bloomberg U.S. Aggregate Bond Index, with continued emphasis on high-yield securitized credit (over 10% blended yield) and merger arbitrage amid rebounding M&A activity exceeding $750 billion in Q1 2024. The expense ratio was reduced from 1.54% to 1.36% in a prior update, and effective December 16, 2021, the fund was renamed from PartnerSelect Alternative Strategies Fund to iMGP Alternative Strategies Fund following Litman Gregory's integration into iM Global Partner; iM Global Partner expanded strategically in late 2024 with a non-controlling minority stake in UK-based Trinity Street Asset Management.