Round Hill looks to raise $375m for Hipgnosis competitor

Round Hill Music Royalty Fund will aim to provide investors with total returns of 9% to 11%, including a dividend yield of 4.5%. The firm said the returns would be largely uncorrelated to equity market movements and the effects of wider economic cycles, including the effects of Covid-19. Round Hill said the fund will invest in a songwriter's copyright interest in a musical composition or song, the rights in the recording of the musical composition or song, as well as all such rights and assets considered by its investment manager to be ancillary thereto. ACG tells 'emotional' GVP shar...