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RiverNorth/Oaktree High Income Fund (LIP)

BWG
edited September 2012 in Fund Discussions
New fund from RiverNorth/Oaktree. Interesting strategy. Nice to have access to Oaktree, given the closure of VCVSX to fund supermarkets.

http://sec.gov/Archives/edgar/data/1370177/000119312512382434/d406458d485apos.htm

Comments

  • Interesting find. But given that Oaktree is generally not accessible to the retail investor, is there any data to show that they are actually good at managing high yield bonds? VCVSX is a convertible securities fund rather than a HY fund. (I am also doubtful that VCVSX has any meaningful benefits over a typical balanced fund.) I note that Oaktree is also a manager of RGCCX, but they are one of several managers and only handle 30% of that portfolio.
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