Deschutes Portfolio Strategy buys $4,450,230 stake in Clough Global Allocation Fund (GLV)

Clough Global Allocation Fund (GLV) : Deschutes Portfolio Strategy scooped up 208,063 additional shares in Clough Global Allocation Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 376,500 shares of Clough Global Allocation Fund which is valued at $4,450,230.Clough Global Allocation Fund makes up approximately 2.37% of Deschutes Portfolio Strategy’s portfolio.

Other Hedge Funds, Including , Next Financial Group Inc sold out all of its stake in GLV during the most recent quarter. The investment firm sold 1,465 shares of GLV which is valued $17,404.

Clough Global Allocation Fund (the fund) is a closed-end management investment company. The Fund is a non-diversified series with an investment objective to provide a high level of total return. The Fund intends to invest in a managed mix of equity and debt securities. Investments in non-United States markets will be made primarily through liquid securities including depositary receipts (which evidence ownership in underlying foreign securities). Investments in corporate debt may include both investment grade and non-investment grade issues. The Fund will not invest more than 20% of its total assets in securities rated at the time of acquisition below investment grade. The Fund will not invest more than 20% of its total assets at the time of acquisition in securities of governments and companies in emerging markets. Clough Capital Partners L.P. (Clough) serves as the Fund’s investment adviser.

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