May 21, 2015 | Permalink
Fund Name: Multi-Strategy Alternative Income Fund
Adviser: Lucia Capital Management
Sub-Adviser(s): None
Fees: 1.5% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $2,500 minimum initial investment (Class A, L and C); $1 million minimum (Class I)
Filing Date: May 19, 2015
Effective Date: Pending
   
Fund Name: Guggenheim Energy & Income Fund
Adviser: Guggenheim Funds Investment Advisors LLC
Sub-Adviser(s): Guggenheim Partners Investment Management LLC
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Minimum investment of 25 common shares
Filing Date: May 15, 2015
Effective Date: Pending
   
Fund Name: Oppenheimer Global Multi-Asset Growth Fund
Adviser: OFI Global Asset Management Inc.
Sub-Adviser(s): OppenheimerFunds Inc. (Sub-sub-advisors: Cornerstone Real Estate Advisers LLC and OFI SteelPath Inc.)
Fees: Not specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $1,000 minimum initial investment for most share classes; $5 million minimum per account of Class I shares
Filing Date: May 1, 2015
Effective Date: Pending
   
Fund Name: Hays U.S. Opportunity Fund
Adviser: Hays Capital Management LLC
Sub-Adviser(s): None
Fees: 0.85% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $10,000 minimum (Class A, C, N shares), $1,000 for retirement accounts; $100,000 minimum (Class I shares), $5,000 for retirement accounts.
Filing Date: April 24, 2015
Effective Date: Pending
   
Fund Name: Hays Tactical Multi-Asset Fund
Adviser: Hays Capital Management LLC
Sub-Adviser(s): None
Fees: 0.85% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $10,000 minimum (Class A, C, N shares), $1,000 for retirement accounts; $100,000 minimum (Class I shares), $5,000 for retirement accounts.
Filing Date: April 24, 2015
Effective Date: Pending
read more
May 13, 2015 | Permalink
The White House said it opposes a bill drafted by Sen. Richard Shelby (R-Ala.), the head of the U.S. Senate Banking Committee, that would amend the Dodd-Frank bank reform passed in the wake of the U.S. financial crisis. A White House spokesperson said the bill is an example of Wall Street interests trying to weaken consumer, investor and taxpayer protections.
Related News:
Democrats reportedly planning alternative to Sen. Shelby's Dodd-Frank overhaul bill - Bloomberg
Link To Article read more
May 12, 2015 | Permalink
FINRA increased some of its financial penalties and unveiled stronger guidelines related to brokers and firms that violate securities rules or commit fraud. The group's National Adjudicatory Council increased the maximum suspension for brokers found to have recommended an unsuitable investment to two years, up from one. In addition, judges are now advised to "strongly consider" permanent suspensions from the securities industry in aggravated situations, whereas they are currently advised to "consider" that measure. In cases where brokers were negligent in serving their clients, the guidelines suggest a suspension of 31 days to two years in length. In addition, maximum monetary sanctions will be linked to the CPI, retroactive to 1998. For example, a maximum $10,000 sanction would become $14,600. FINRA barred 481 brokers and suspended 705 in 2014, up from 429 bars and 670 suspensions in 2013. The number of cases resolved dropped to 1,110 from 1,307 during the previous year.
Link To Article read more
May 12, 2015 | Permalink
Sen. Richard Shelby (R-Ala.), the head of the U.S. Senate Banking Committee, unveiled a bill designed to toughen oversight of the Fed and ease regulatory requirements on dozens of banks. In legislation that he calls a "work in progress," Shelby laid out ideas to make the Fed disclose more information about its monetary-policy decisions to Congress and free some lenders with less than $500 billion of assets from stringent capital requirements. While the bill is unlikely to win broad support in its current form, many of the proposals could intrigue Democrats who have previously backed some of the ideas. Getting the bill through Congress will set the tone for the remainder of Shelby's chairmanship, giving him an incentive to work with Sherrod Brown, the ranking Democrat on the banking panel, analysts said. The measure would have to change to win the backing of Brown, who called Shelby's proposals "a sprawling, industry wish list of Dodd-Frank rollbacks." The bill would mark the biggest revamp of the Dodd-Frank Act since its 2010 enactment.
Link To Article read more
May 8, 2015 | Permalink
David Grim, a 20-year veteran at the SEC, was tapped to serve as the head of the unit tasked with regulated asset managers, the agency said. The SEC's Division of Investment Management is in charge of writing rules for mutual funds, exchange-traded funds, hedge funds and private equity funds. Grim will serve as director at a time when the division is working to prepare a series of sweeping new rules for mutual funds and exchange-traded funds.
Link To Article read more
May 7, 2015 | Permalink
Fund Name: Oppenheimer Global Multi-Asset Growth Fund
Adviser: OFI Global Asset Management Inc.
Sub-Adviser(s): OppenheimerFunds Inc. (Sub-sub-advisors: Cornerstone Real Estate Advisers LLC and OFI SteelPath Inc.)
Fees: Not specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $1,000 minimum initial investment for most share classes; $5 million minimum per account of Class I shares
Filing Date: May 1, 2015
Effective Date: Pending
   
Fund Name: Hays U.S. Opportunity Fund
Adviser: Hays Capital Management LLC
Sub-Adviser(s): None
Fees: 0.85% Management Fee
Open- or Closed-End: Open-End (Management investment company)
Investor Restrictions: $10,000 minimum (Class A, C, N shares), $1,000 for retirement accounts; $100,000 minimum (Class I shares), $5,000 for retirement accounts.
Filing Date: April 24, 2015
Effective Date: Pending
   
Fund Name: Hays Tactical Multi-Asset Fund
Adviser: Hays Capital Management LLC
Sub-Adviser(s): None
Fees: 0.85% Management Fee
Open- or Closed-End: Open-End (Management investment company)
Investor Restrictions: $10,000 minimum (Class A, C, N shares), $1,000 for retirement accounts; $100,000 minimum (Class I shares), $5,000 for retirement accounts.
Filing Date: April 24, 2015
Effective Date: Pending
   
Fund Name: Fintan Alternative Fixed Income Advisory Fund
Adviser: Fintan Partners LLC
Sub-Adviser(s): None
Fees: 0.75% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase; non-listed)
Investor Restrictions: Accredited investor; $25,000 minimum initial investment, $10,000 minimum subsequent investment
Filing Date: April 14, 2015
Effective Date: Pending
   
Fund Name: Fintan Alternative Fixed Income Institutional Fund
Adviser: Fintan Partners LLC
Sub-Adviser(s): None
Fees: 0.75% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase; non-listed)
Investor Restrictions: Accredited investor; $25,000 minimum initial investment, $10,000 minimum subsequent investment
Filing Date: April 14, 2014
Effective Date: Pending
read more
May 4, 2015 | Permalink
Vanguard Group's Total Bond Market Index fund ended April with $117.3 billion in assets under management, surpassing Pacific Investment Management's Total Return fund, which reported assets of $110.4 billion. The Pimco fund had been the world's largest bond fund for almost 20 years and was more than $100 billion larger than its Vanguard counterpart one year ago. However, the latest results demonstrate the change in fortunes at Pimco, where faltering fund performance culminated in the departure of co-founder Bill Gross in 2014.
Link To Article read more
April 24, 2015 | Permalink
Liquid alternative investment products outperformed single-manager hedge funds in 2014, according to a report from Preqin. Alternative mutual funds delivered average returns of 4.36% last year, compared to 3.78% for their hedge fund counterparts. While they offer investors lower minimum investment requirements, more transparency and greater liquidity, liquid alternatives have historically trailed the returns of their hedge fund counterparts. The survey also found that macro and equity strategies were the most popular in both the alternative mutual fund and UCITS landscape. However, nearly 25% of the 40-Act alternative fund launches in 2014 had a credit focus, compared to 9% for UCITS funds.
Link To Article read more
April 23, 2015 | Permalink
Kramer Levin's Financial Services group will host the Third Annual Public Alternative Funds Seminar on April 30 at the firm's New York office. Partners Ronald M. Feiman and George M. Silfen will moderate a panel discussion examining distribution opportunities for private fund managers, including: wirehouse platforms; RIA channels; insurance and pension programs; and subadvising opportunities. Guest speakers will include:
  • Daniel Maccarrone, executive director, Morgan Stanley Wealth Management;
  • William R. Stout, managing director, Corsair Capital Management L.P.;
  • Bradley J. Walker, managing director of alternative investments, CAIS; and
  • Thomas Murray, managing director, Arden Asset Management.
The seminar will also feature Public Alternatives in 2015: A Conversation with William J. Landes, deputy head of global investment solutions and alternative investments at Columbia Threadneedle Investments. Space is limited. Please RSVP no later than April 23 here or by calling 212-715-7605.
Link To Article read more
April 23, 2015 | Permalink
Fund Name: Fintan Alternative Fixed Income Master Fund
Adviser: Fintan Partners LLC
Sub-Adviser(s): None
Fees: 0.75% Management Fee
Open- or Closed-End: Closed-End (Non-listed)
Investor Restrictions: None
Filing Date: April 14, 2015
Effective Date: Pending
   
Fund Name: Fintan Alternative Fixed Income Advisory Fund
Adviser: Fintan Partners LLC
Sub-Adviser(s): None
Fees: 0.75% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase; non-listed)
Investor Restrictions: Accredited investor; $25,000 minimum initial investment, $10,000 minimum subsequent investment
Filing Date: April 14, 2015
Effective Date: Pending
   
Fund Name: Fintan Alternative Fixed Income Institutional Fund
Adviser: Fintan Partners LLC
Sub-Adviser(s): None
Fees: 0.75% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase; non-listed)
Investor Restrictions: Accredited investor; $25,000 minimum initial investment, $10,000 minimum subsequent investment
Filing Date: April 14, 2014
Effective Date: Pending
   
Fund Name: TSC/Richard Bernstein Global Thematic Micro-Cap Fund
Adviser: Radiance Asset Management LLC
Sub-Adviser(s): Richard Bernstein Advisors LLC
Fees: Not specified
Open- or Closed-End: Closed-End (Non-listed)
Investor Restrictions: 500 shares of common stock; $25,000 minimum
Filing Date: April 3, 2015
Effective Date: Pending
   
Fund Name: Triloma EIG Global Energy Term Fund I
Adviser: Triloma Energy Advisors LLC
Sub-Adviser(s): EIG Credit Management Company LLC
Fees: 2% Management Fee; 20% Performance Fee
Open- or Closed-End: Closed-End (Non-listed)
Investor Restrictions: $5,000 minimum
Filing Date: March 30, 2015
Effective Date: Pending
read more