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KStone Distressed Muni Fund LP - AlphaMaven Performance Report
December 2024 - Hedge Fund
KStone Distressed Muni Fund LP - AlphaMaven Performance Report
The Fund is positioned to appeal to taxpayers residing in high-tax states such as CA, NY, NJ and IL that have been impacted by the Tax Cuts and Jobs Act's new cap on state and local tax ("SALT") deductions. The Fund targets returns of 9% to 14% with targeted annualized standard deviation of 5% to 8%. The Fund will invest in a highly select group of underlying hedge Funds that invest in distressed high yield muni bonds as w