Pie's new funds could start with significant tailwind
Pie Funds is planning to launch two new funds, its first new funds since 2018.
Sunday, November 19th 2023, 5:11PM
The new funds are the Pie Property and Infrastructure Fund and the Pie Fixed Income Fund.
“We’ve had a few things in the pipeline for a while,” founder and chief investment office Mike Taylor says.
“We’ve been patient. We’ve waited because we didn’t think the environment was conducive to launching a new product in the past few years.”
“With interest rates close to peak we think now is the right time to come up with these products.”
Both funds invest in assets where valuations are determined by interest rates.
Taylor says if we are at peak interest rates these funds are likely to start with “possibly significant tail winds.”
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