ASA offers the following types of products to Family Offices:

Whole Loan Fund: Transitional Funding Partners LP began in late 2012 as an extension of proprietary direct lending which the principals had previously done. Our objective is to build a portfolio of private loans through a combination of origination and purchases. The portfolio will be diverse in terms of collateral type, geography, and (lack of) concentration. Our objective is to invest in niche markets and loan sizes of between $1 and $10 MM where we believe the greatest inefficiency lies.

Long-Only Managed Accounts: ASA builds customized long only portfolios in separately managed accounts. ASA has expertise in identifying niche sectors of the municipal bond market that are overlooked and under-valued. Our returns have been significantly higher than generic indices.

Hedged Managed Accounts: For investors worried about the low level of current interest rates, ASA has launched a new product of customized portfolios in managed accounts. Interest rate risk is hedged using Treasury ETFs.

Multi-Strategy Municipal fund: ASA Tax Advantaged Relative Value Fund LP has been operating as a limited partnership that invests in relative value municipal strategies since 2001. The Fund hedges duration risk and uses no leverage. The investment strategies include arbitraging the price spread between institutional pricing and retail pricing, actively identifying undervalued credits and structures, and trading the historical relationships between municipal derivative instruments.

Single-Strategy Municipal funds: From time to time ASA identifies an anomaly in the municipal bond market that offers an attractive one-time investment opportunity. In such cases, a single-strategy fund may be formed, to offer investors an opportunity to profit from the eventual correction of the anomaly.