Insight Select Income Fund Announces Change in Portfolio Management Team

Rhea-AI Summary

Insight North America LLC announces changes in the portfolio management team for the Fund, with Erin Spalsbury joining as a portfolio manager and Gautam Khanna stepping down from day-to-day responsibilities. The Fund aims for high returns from interest income and trading activities through a diversified portfolio of debt securities.

NEW YORK--(BUSINESS WIRE)-- Effective immediately, the Fund’s portfolio management team at Insight North America LLC has changed as follows: Erin Spalsbury joins James DiChiaro as a portfolio manager on the Fund and Gautam Khanna will no longer have day-to-day portfolio management responsibilities for the Fund. Erin Spalsbury has served as a Senior Portfolio Manager at Insight North America LLC since August 2019.

The Fund is a diversified closed-end management investment company whose investment objective is to seek a high rate of return, primarily from interest income and trading activity, from a portfolio principally consisting of debt securities. The Fund will also seek capital appreciation principally by purchasing debt securities at prices that the Adviser believes are below their intrinsic value. The Fund will also look to benefit from trading securities to optimize the risk adjusted yields in the Fund. Insight North America LLC, the Fund’s investment adviser, provides fixed income asset management to a variety of institutional clients including corporations, governmental entities, employee benefit plans, private funds and registered investment companies.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements.

An investor should consider a Fund’s investment objectives, risks, charges and expenses carefully before investing.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240209208625/en/

River Communications

Troy Mayclim

(914) 686-5599

insight@riverinc.com

Source: Insight Select Income Fund

FAQ

Who has joined the portfolio management team at Insight North America LLC for the Fund?

Erin Spalsbury has joined as a portfolio manager.

What is the investment objective of the Fund managed by Insight North America LLC?

The Fund aims to seek a high rate of return primarily from interest income and trading activity from a portfolio of debt securities.

Who will no longer have day-to-day portfolio management responsibilities for the Fund?

Gautam Khanna will no longer have day-to-day portfolio management responsibilities.

What type of investment adviser is Insight North America LLC?

Insight North America LLC provides fixed income asset management to institutional clients including corporations, governmental entities, and private funds.