Interval funds are close cousins of closed-end funds, or CEFs, but they offer a unique set of pros and cons for investors. PIMCO made headlines last month when it launched an interval fund (PIMCO ...
Assets in interval funds surged to $98 billion by the end of 2024, marking a 31% increase from the previous year, according to new research from Cerulli Associates. While the structure’s expansion is ...