Relative Value Fund: directors' dealings · United States · SEC (Form 4)

About Relative Value Fund

Relative Value Fund (ticker: VFLEX) is a U.S.-based investment vehicle followed in the context of SEC Form 4 insider-transaction monitoring. SEC filings show that it is structured as a Delaware statutory trust and registered as a non-diversified closed-end management investment company under the Investment Company Act of 1940. The fund was organized in 2016, with public offering documents indicating a trust date of November 23, 2016, and listing VFLEX as one of its share classes. Its investment adviser is Vivaldi Asset Management, LLC, an SEC-registered investment adviser. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1681717/000114420418040815/tv498304-486bpos.htm?utm_source=openai)) From an operating standpoint, Relative Value Fund is not a manufacturing or consumer company but an asset-management product built around relative value strategies. In broad terms, relative value investing seeks to exploit pricing inefficiencies between securities, sectors, or related instruments while maintaining a disciplined risk framework. As an interval fund, VFLEX is designed to provide periodic rather than daily liquidity, which places it in the more specialized part of the U.S. fund universe and makes it relevant for investors looking for an alternative allocation beyond plain-vanilla equity or bond funds. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1681717/000114420418040815/tv498304-486bpos.htm?utm_source=openai)) Its competitive position should therefore be assessed within the broader landscape of alternative funds and multi-strategy products rather than against operating companies. The key differentiators are the manager’s ability to source attractive relative-value opportunities, control drawdowns, and deliver risk-adjusted returns in markets that can be highly correlated. The fund’s core “products” are effectively portfolio management, active allocation, risk oversight, regulatory reporting, and share-class distribution. Its geographic footprint is primarily the United States, with SEC-governed structures and fund-administration references in Milwaukee, Wisconsin in the public filings. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1681717/000114420418040815/tv498304-486bpos.htm?utm_source=openai)) Recent notable activity appears to be centered more on regulatory disclosures and insider-transaction monitoring than on operating news such as sales growth or product launches. That is an important distinction for investors: VFLEX is better understood as a financial instrument and fund platform than as an operating business. For market context, it is part of the U.S. listed/securities ecosystem associated with NYSE/NASDAQ-style market surveillance and SEC disclosure, and it should be analyzed through the lens of fund structure, liquidity terms, and manager quality rather than conventional corporate fundamentals. ([insiderscreener.com](https://www.insiderscreener.com/en/company/relative-value-fund?utm_source=openai))