Liberty Street Advisors has launched the Robinson Tax Advantaged Income Fund, the fourth in its series of funds focused on income production and inflation protection.
The Liberty Street family of funds, which now has over USD3.3 billion in assets as of 30 September, also includes the Center Coast MLP Focus Fund, the Capital Innovations Global Agri, Timber, Infrastructure Fund, the Horizon Spin-Off and Corporate Restructuring Fund, the West Loop Realty Fund and the Toroso Newfound Tactical Allocation Fund.
The Robinson Tax Advantaged Income Fund is led by veteran fixed income manager, James Robinson. Robinson is an investment manager and bond trader with more than three decades of experience. Robinson served for five years as the chairman and CEO of Birmingham-based Munder Capital Management and president of the Munder Funds. From 1987 to 1999, he served as executive vice president and chief investment officer-fixed income with Munder Capital Management.
"Jim brings with him an investment style that is driven by proprietary financial models backed by years of experience analysing not only the underlying municipal credits but also the historical dislocations and trading behaviour of closed end funds," says Tim Reick, CEO of Liberty Street Advisors.
"Since its founding in December 2012, Robinson Capital has specialized in developing alternative value investing strategies, particularly through closed-end funds, that pursue the generation of higher cash flows than, and have lower correlations with stock and bond markets," says Robinson. "We typically assemble portfolios of 30 to 40 closed-end municipal bond funds that are diversified by underlying credits, investment manager, and trade at what we believe to be irrational discounts to their net asset value."