The Fund's Own Adviser Boosts His Stake 71%

ISB Research · Interesting · sent to Ultimate members September 28, 2026

This is a closed-end junk bond fund that winds down in 2027, and the investment adviser running it just put $129,247 to work at $12.92, growing his own position by 71%. That's the kind of commitment worth a look, and he's buying with RSI in the bottom fifth of the fund's yearly range while the broad market still holds its trend. The catch is the tape. Every timeframe reads sell, financials are getting hit on rate and credit worries, and the track record here is a coin flip at 30 days before improving to a 62% hit rate by 90. Interesting because the adviser knows this book better than anyone, but the selling pressure means you're early, not safe.

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