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We're Resurrecting the Interval Fund Wrapper
ARK: One of the most common questions I've gotten over those eight years is why can't we have access to these companies that could become 10 and 100 baggers. The interval fund wrapper actually came about in 1993 for this reason, but it was never used because private equity has the tax advantages associated with carried interest. We're doing a little bit of what we did in theETF space. When we put an active fully transparent equities into an ETF, the industry thought we were going to fail. And so they've certainly done a double take when it comes to active equity Indexes.