Liquidated Alts Fund Has Investors Still Waiting – 18 Months Out
More than a year and a half after Wildermuth Advisory disclosed it would shutter a private equity interval fund, investors are still waiting for their money back.
And the timing of the liquidation process is still anyone’s guess, regulatory filings show.
STP’s David Goldstein, Director of Product—Fund Services, caught up with Sean Teeham to discuss this matter.
“When you have a fund holding private positions, you need a buyer to liquidate. It’s not like owning shares of Ford, and you decide to sell them, so you go on E*Trade and initiate a sale. How do you valuate something that is not for sale?”
Read more about this and what David had to say in Ignites here.
