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I think interval funds make sense in theory, but are often abused in practice. Someday a money manager is going to offer a truly low cost, unlevered well-managed interval fund that invests in illiquid assets that suit the structure. But most of the ones I've seen are overpriced and overlevered, high expense ratios, too much risk and low liquidity. It's a shame as I like the structure for getting access to asset classes that don't trade all the time.
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