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New Closed-End Fund Platform from ALPS Designed to Support Alternative InvestmentsALPS, a DST Company focused on asset management and asset servicing, today announced the launch of the ALPS Interval Fund Platform, a structure built to support retail closed-end funds and interval funds. The ALPS platform, which combines ALPS' experience in servicing closed-end funds with DST's shareholder recordkeeping and distribution capabilities in the alternative space, was designed to provide a turnkey solution for alternative investment managers looking to launch '40-Act registered interval funds and other continuously offered closed-end funds. In addition to a cost-effective suite of services provided by ALPS Fund Services and ALPS Distributors, funds launched on the ALPS Interval Trust Platform have access to services from leading law firms and auditors. The platform can accommodate the liquidity requirements of offerings that use semi-liquid hedge fund strategies, including fund-of-funds strategies. Jeremy May, President of ALPS Fund Services, expects the ALPS Interval Trust Platform to be particularly attractive to alternative investment managers hoping to get their strategies to the retail marketplace. "Our experience tells us that interval funds are emerging as a popular investment vehicle for investors," says May. "I think the platform will fill a great need for alternative investment managers wishing to offer '40 Act registered products without the daily liquidity constraints of an open-end mutual fund." DST, well known as one of the largest third-party provider of recordkeeping services in the U.S., is also a leading provider of alternative fund solutions to the retail market. Along with its unique distriution support, DST is singularly well-equipped to handle the complexities of interval funds and other continuously offered closed-end funds. "We're keenly aware that retail alternatives are growing in popularity across many different sectors of the market," says Robyn Holloway, Vice President for Alternative Fund Solutions at DST. "That's why we're sure that the ALPS Interval Fund Platform will be an attractive option for many investment managers." Recognized for its top-rated fund servicing model, ALPS provides compliance, creative services, distribution, fund administration, fund accounting, legal administration, tax administration, and transfer agency services to turn-key platforms. For more information on how the ALPS Interval Fund Platform leverages this expertise, contact Robyn Holloway at [email protected] or visit http://www.dstsystems.com/solutions/asset-management/. About ALPS Founded in 1985, ALPS is a leading provider of innovative investment products and customized servicing solutions to the financial services industry. Headquartered in Denver, ALPS has expanded the delivery of it Asset Management and Asset Servicing Solutions to include offices in Boston, New York, Seattle, and Toronto. ALPS is a wholly-owned subsidiary of Kansas City-based DST Systems (News - Alert), Inc. For more information about ALPS and its services, visit www.alpsinc.com. Information about ALPS products is available at www.alpsfunds.com. About DST DST Systems, Inc. is a leading provider of sophisticated information processing and servicing solutions to companies around the world. Through its global enterprise, DST delivers strategically unified data management, business processing, and customer communications solutions to the asset management, brokerage, retirement, and healthcare markets. Headquartered in Kansas City, MO., DST is a publicly-traded company on the New York Stock Exchange. For more information, visit www.dstsystems.com.
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