[1:13] An overview of offerings within the Yieldstreet Prism fund and each of the panelists.
[5:23] The roles and responsibilities of the Board of Directors of The Yieldstreet Prism Fund.
[7:30] What does the term ‘alternative investments’ mean?
[10:10] Reconsidering the historical lack of liquidity in alternatives and multi-asset products.
[12:50] Using alternative investments in the new 60/40 portfolio concept.
[14:10] The business and investment opportunities that attracted these panelists to serve as Directors to the Yieldstreet Prism Fund
[17:42] How has the distribution of alternatives changed over the last decade?
[18:38] Insights into daily versus non-daily pricing and how it works in alternative investments.
[21:44] Managing elevated market expectations and reasonable equity valuations.
[26:17] The benefits of diversification that may make the most sense for investors.
The diversification aspect that alternatives have the potential to bring to your investment portfolio can be very attractive. This episode features three industry professionals — James Jessee, John Siciliano, and William Riegel — who understand the possibilities that lie within alternative investments. Peter Kerr, Yieldstreet’s Director of Product Marketing hosts this insightful conversation into the role of each of these experts regarding their role in oversight of the Yieldstreet Prism Fund as well as trends within the alternatives space.
Each of the panelists serves on the Board of Directors of the Yieldstreet Prism Fund and is tasked with representing the Fund’s shareholders’ interests. They are objective and unaffiliated with Yieldstreet, or in other words, they are not on Yieldstreet’s payroll. Instead, they are each on the Fund’s payroll, which means that they are serving those who’ve invested in the Fund.
With such extensive investment and finance backgrounds, why have each of these panelists chosen to get involved in alternative investments? As they explain it, the answer is simple. Alternative investments have the potential to offer great diversification with the potential for higher rewards than traditional fixed income and equity investments.
According to James Jesse, one of the most appealing aspects of investing at Yieldstreet is the approach of going directly to the investor through the digital platform. While many investment vehicles require utilizing a traditional advisor — and paying additional fees that are associated with that route — Yieldstreet goes directly to the public. Additionally, investors don’t have to be accredited investors to invest in the YIeldstreet Prism Fund. In the traditional alternative space, a net worth of at least a million dollars with an annual income of $200,000 to 300,000 is required to get in the game. But as our savvy investors know, one of the greatest aspects of investing with Yieldstreet, and in particular the Yieldstreet Prism Fund, is that anyone can make an investment for as little as $1,000.
According to William Riegel, while market expectations are currently more elevated than they have been traditionally, there is still a need to manage reasonable equity valuations. Given current trends, Mr. Riegel anticipates that US equities will likely generate less of a return over the next 10 years than we’ve seen over the previous 10. That prediction makes the sort of premium that alternatives may provide that much more compelling. With these sobering facts facing today’s investors, it only makes sense to figure out alternative ways to try to augment returns and increase diversification. As James Jessee says, if you’re trying to live off the interest income, there’s just not much there anymore.
Given the facts and trends of the current market, there is one clear fact that all three of the panelists agree on — diversifying your portfolio with alternative investments like the type of offerings available through Yieldstreet is more important today than ever before.
The Yieldstreet Prism Fund is a non-diversified closed-end fund for the purposes of the Investment Company Act of 1940, as amended (“’40 Act”), and is therefore not a ’40 Act “diversified’ product.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the YieldStreet Prism Fund before investing. The prospectus for the YieldStreet Prism Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetprismfund.com. The prospectus should be read carefully before investing in the Fund.
Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.
The securities described in the prospectus are not offered for sale in the states of Nebraska or North Dakota or to persons resident or located in such states. No subscription for the sale of Fund shares will be accepted from any person resident or located in Nebraska or North Dakota.
1 Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.
2 Represents a net estimated, unrealized annualized internal rate of return (IRR) of your portfolio and is based by reference to the effective distribution dates and amounts to and from the investments, as well as any outstanding principal and accrued and unpaid interest as of the current date, after deduction of management fees and all other expenses charged to the investments.[read more]
3 "Annual interest" or "Annualized Return" represents an annual target rate of interest or annualized target return and "term" represents the estimated term of the investment. Such target interest or target returns and estimated term are projections of the interest or returns and or term and may ultimately not be achieved. Actual interest or returns and term may be materially different from such projections. This targeted interest or returns and estimated term are based on the underlying investments held by the applicable.
4 Reflects the initial quarterly distribution declared by the board of directors on February 6, 2020, which will be payable to stockholders of record as of June 10, 2020, and the initial offering price of $10 per share.
5 The Fund will cease investing and seek to liquidate the Fund's remaining portfolio no later than 48 months after the Fund's initial closing. It may take up to twelve months thereafter to fully monetize any remaining illiquid investments in the Fund's portfolio.
6 Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.
7 The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 8th, 2021, after deduction of management fees and all other expenses charged to investments.
8 Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Prism Fund before investing. The prospectus for the Yieldstreet Prism Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetprismfund.com. The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.
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Any financial projections or returns shown on the website are estimated predictions of performance only, are hypothetical, are not based on actual investment results and are not guarantees of future results. Estimated projections do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. In addition, other financial metrics and calculations shown on the website (including amounts of principal and interest repaid) have not been independently verified or audited and may differ from the actual financial metrics and calculations for any investment, which are contained in the investors’ portfolios. Any investment information contained herein has been secured from sources that Yieldstreet believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor.
Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by Yieldstreet or any other party, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.
Investments in private placements are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Additionally, investors may receive illiquid and/or restricted securities that may be subject to holding period requirements and/or liquidity concerns. Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.
Alternative investments should only be part of your overall investment portfolio. Further, the alternative investment portion of your portfolio should include a balanced portfolio of different alternative investments.
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Investing in securities (the "Securities") listed on Yieldstreet™ pose risks, including but not limited to credit risk, interest rate risk, and the risk of losing some or all of the money you invest. Before investing you should: (1) conduct your own investigation and analysis; (2) carefully consider the investment and all related charges, expenses, uncertainties and risks, including all uncertainties and risks described in offering materials; and (3) consult with your own investment, tax, financial and legal advisors. Such Securities are only suitable for accredited investors who understand and willing and able to accept the high risks associated with private investments.
Investing in private placements requires long-term commitments, the ability to afford to lose the entire investment, and low liquidity needs. This website provides preliminary and general information about the Securities and is intended for initial reference purposes only. It does not summarize or compile all the applicable information. This website does not constitute an offer to sell or buy any securities. No offer or sale of any Securities will occur without the delivery of confidential offering materials and related documents. This information contained herein is qualified by and subject to more detailed information in the applicable offering materials. Yieldstreet™ is not registered as a broker-dealer. Yieldstreet™ does not make any representation or warranty to any prospective investor regarding the legality of an investment in any Yieldstreet Securities.
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Investment advisory services are provided by YieldStreet Management, LLC, an investment advisor registered with the Securities and Exchange Commission.
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