AIM Management Group of Houston has filed to register a new closed-end mutual fund that will cater to wealthy investors seeking alternative types of investments.
This is only the second closed-end fund AIM will be managing, and the first fund that will target the high-net-worth audience. Its only other closed-end fund, the AIM Floating Rate Fund, formerly the G.T. Global Floating Rate Fund, was inherited by AIM through its parent company's 1998 acquisition of the adviser to the G.T. Global Funds.