Infinity Core Alternative Fund
ZVAMIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Michael Dillon Peck
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Milwaukee United States of America
- IPO Date
- Jan 31, 2020
- Similar Companies
- Business
- Infinity Core Alternative Fund (ZVAMIX) is a non-diversified, closed-end interval fund that seeks long-term capital growth by investing directly and indirectly with a select group of established multi-strategy hedge fund managers, each with more than 10 years of operating history and greater than $5 billion in assets under management. The fund allocates capital across managers including Millennium Partners, Elliott Associates, D.E. Shaw Composite, Point72 Capital, King Street Capital, Anchorage Capital Partners, Balyasny (Atlas Enhanced), Schonfeld Strategic Partners, and Voloridge, enabling dynamic reallocation to high-performing strategies while providing diversification; as of March 2024, portfolio allocations included approximately 19% to Schonfeld, 16% each to Point72 and D.E. Shaw, 11% each to Elliott and King Street, 9% to Millennium, 6% to Anchorage, 2% to Voloridge, and 2% cash. Managed by First Trust Capital Management L.P. as investment manager, Infinity Capital Advisors, LLC as sub-adviser, and distributed by First Trust Portfolios L.P., the fund offers quarterly repurchase opportunities of up to 25% of outstanding shares, with a minimum initial investment of $25,000, and is targeted at accredited investors comfortable with illiquidity risks and leveraged underlying strategies. Launched in October 2013 as a private placement and registered under the Investment Company Act of 1940 in December 2013, the fund is headquartered in Chicago, Illinois, through its investment manager at 225 West Wacker Drive. Recent developments include an expense limitation agreement capping fees at 1.50% of net assets through at least July 31, 2024, reaffirmed multi-manager allocations as of March 2024, and ongoing performance net of a 1.25% advisory fee, with the fund delivering 3.07% YTD through April 2024 amid volatile markets.