About Aspen Funds

Aspen Funds was started by Bob Fraser and Jim Maffuccio in early 2012 to take advantage of a unique opportunity in residential real estate notes. Experiencing the volatility of the stock market, and seeing investors take large losses in their portfolios, Bob and Jim were determined to design an alternative investment fund that would provide alternatives to the stock market with excellent investor returns, but without the volatility of traditional investment options.

Jim has spent a 30+ year career in real estate, and in 2010 began looking into investing in notes or mortgages. Through all his experience in real estate, he understood that being the lender was key, and that through all the ups and downs of real estate investing, it was the banks who always seemed to survive and thrive. By the end of 2011, he was fully engaged developing key relationships and investing in the mortgage industry.

After a meeting with Bob Fraser, the idea for Aspen Funds was created. With Jim’s 30-year background in real estate and Bob’s 20-year background in finance, they raised capital for their first fund and began investing in notes. Since then, Aspen Funds has steadily grown over the past 10 years, now managing 5 different funds. And because of our track record and reputation in the industry, many new and significant opportunities have opened up to Aspen, and therefore are actively raising capital.