Hybrid funds allow for investment of a variety of assets, which can be both liquid and illiquid, within the same fund. While they can have additional operational, tax, fees and valuation complexity, hybrid funds also may offer performance benefits. In an interview published in the November issue of Institutional Investment in Infrastructure, David Helprin, managing director of SS&C Private Markets, discusses the nuances of these structures. “Product diversification is a key reason for choosing a hybrid fund, and investor demand has also assisted to drive growth in the fund structures. In a generally low-yield market environment, illiquid assets, such as structured credit or bank debt, carry the potential for outperforming returns,” says Helprin. To access a pdf of the Sponsored Section, click here.
