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Multi-Asset

First Trust Alternative Opportunities Fund

Formation2016
CategoryInterval Fund
Net Assets

$3.1B

NAV YoY

+53%

Deeper Analysis

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Reported as of September 2025

Principal Portfolio Holdings

HoldingValueAllocation
CIRE REAL ESTATE INVESTMENT TRUST, Inc.
$98.0M3.18%
OAK St REAL EST LP BLUE OWL NET LEASE
$93.5M3.04%
Glenmede Secured Options Portf - Glenmede Secured Options Portfolio - Class Institutional
$85.7M2.78%
Proprietary Exposure
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Proprietary Exposure
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About This Fund

The First Trust Alternative Opportunities Fund is a '40 Act registered closed-end interval fund managed by First Trust Capital Management L.P. It employs a multi-manager approach, allocating assets among the Investment Manager and sub-advisers including RiverNorth Capital Management and Palmer Square Capital Management. The fund pursues positive absolute returns through global macro, opportunistic equity, merger arbitrage, and multi-strategy fixed-income strategies. It offers quarterly repurchase opportunities and targets long-term capital appreciation with low correlation to traditional indices.