July 20, 2017 | Permalink
Fund Name: Blackstone/GSO Floating Rate Enhanced Income Fund
Adviser: GSO/Blackstone Debt Funds Management LLC
Sub-Adviser(s): None
Fees: Management fee at an annual rate equal to 1% of the average daily value of the Fund's net assets
Open- or Closed-End: Closed-End (Monthly repurchase - subject to receipt of exemptive relief)
Investor Restrictions: $10,000 minimum initial investment; $1,000 minimum subsequent investment
Filing Date: June 30, 2017
Effective Date: Pending
   
Fund Name: Columbia Variable Portfolio - Managed Risk U.S. Fund
Adviser: Columbia Management Investment Advisers LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: The Fund is available for purchase through Contracts offered by the separate accounts of participating insurance companies or by other eligible investors authorized by Columbia Management Investment Distributors Inc.
Filing Date: June 26, 2017
Effective Date: Pending
   
Fund Name: Columbia Variable Portfolio - Managed Risk Global Fund
Adviser: Columbia Management Investment Advisers LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: The Fund is available for purchase through Contracts offered by the separate accounts of participating insurance companies or by other eligible investors authorized by Columbia Management Investment Distributors Inc.
Filing Date: June 26, 2017
Effective Date: Pending
   
Fund Name: AIP Alternative Lending Fund A
Adviser: Morgan Stanley AIP GP LP
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase; Master Fund)
Investor Restrictions: Accredited investor; $50,000 minimum initial investment, $25,000 minimum subsequent investment
Filing Date: June 22, 2017
Effective Date: Pending
   
Fund Name: AIP Alternative Lending Fund P
Adviser: Morgan Stanley AIP GP LP
Sub-Adviser(s): None
Fees: Not specified (Investors are indirectly subject to the Master Fund's management fee)
Open- or Closed-End: Closed-End (Quarterly repurchase; Feeder fund)
Investor Restrictions: Accredited investor; $50,000 minimum initial investment, $25,000 minimum subsequent investment
Filing Date: June 22, 2017
Effective Date: Pending
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July 18, 2017 | Permalink
The SEC announced Christopher R. Hetner will continue to serve as senior advisor for cybersecurity policy to Chairman Jay Clayton. He previously served in the role under former Chair Mary Jo White and Acting Chairman Michael Piwowar. Hetner will continue to coordinate efforts across the SEC to address cybersecurity policy, engage with external stakeholders and improve its mechanisms for assessing cyber-related market risk.
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July 18, 2017 | Permalink
Crystal Century Investment, a New York and Hong Kong-based boutique asset manager, unveiled an actively managed multi-asset alternative fund designed to benefit from diversification during periods of market stress. The registered, closed-end managed fund will be available to existing private clients via Crystal Century's alternative fund platform, which was previously limited to institutional clients.
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July 10, 2017 | Permalink
The CFTC announced plans to standardize the swaps transaction data reported to repositories, in an attempt to repair the patchwork of rules that cause data to be collected under different formats and standards. Acting chairman J. Christopher Giancarlo will oversee the rewriting of the rules found in Parts 43, 45, and 49 of the CFTC's Regulations to make them more usable. Currently, four privately owned repositories collect and report data on the swaps market and use different standards that leave it to the CFTC to compile an overall picture of systemic risk. The CFTC is also accepting public comments on the review until Aug. 21, 2017.
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July 6, 2017 | Permalink
Fund Name: Columbia Variable Portfolio - Managed Risk U.S. Fund
Adviser: Columbia Management Investment Advisers LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: The Fund is available for purchase through Contracts offered by the separate accounts of participating insurance companies or by other eligible investors authorized by Columbia Management Investment Distributors Inc.
Filing Date: June 26, 2017
Effective Date: Pending
   
Fund Name: Columbia Variable Portfolio - Managed Risk Global Fund
Adviser: Columbia Management Investment Advisers LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: The Fund is available for purchase through Contracts offered by the separate accounts of participating insurance companies or by other eligible investors authorized by Columbia Management Investment Distributors Inc.
Filing Date: June 26, 2017
Effective Date: Pending
   
Fund Name: AIP Alternative Lending Fund A
Adviser: Morgan Stanley AIP GP LP
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase; Master Fund)
Investor Restrictions: Accredited investor; $50,000 minimum initial investment, $25,000 minimum subsequent investment
Filing Date: June 22, 2017
Effective Date: Pending
   
Fund Name: AIP Alternative Lending Fund P
Adviser: Morgan Stanley AIP GP LP
Sub-Adviser(s): None
Fees: Not specified (Investors are indirectly subject to the Master Fund's management fee)
Open- or Closed-End: Closed-End (Quarterly repurchase; Feeder fund)
Investor Restrictions: Accredited investor; $50,000 minimum initial investment, $25,000 minimum subsequent investment
Filing Date: June 22, 2017
Effective Date: Pending
   
Fund Name: T. Rowe Price Multi-Strategy Total Return Fund, Inc.
Adviser: T. Rowe Price Associates, Inc.
Sub-Adviser(s): None
Fees: 1% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: For Investor and Advisor Class Shares: $2,500 minimum initial investment ($1,000 minimum initial investment if opening an IRA, a custodial account for a minor, or a small business retirement plan account), $100 minimum subsequent investment; For Class I Shares: $1,000,000 minimum initial investment, no minimum subsequent investment
Filing Date: June 9, 2017
Effective Date: Pending
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June 30, 2017 | Permalink
Owl Rock is partnering with the Regents of the University of California to bolster its direct lending efforts with the formation of a strategic loan fund. The parties each invested $100 million in the fund, which will target senior secured loans made to middle market companies.
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June 26, 2017 | Permalink
The U.S. Supreme Court will settle the issue of whether Dodd-Frank prohibits retaliation against internal whistleblowers who do not report their concerns about potential violations to the SEC. The justices granted Digital Realty Trust's petition to review the Ninth Circuit's decision that a former executive can sue over the company's alleged retaliation against him. Digital Realty argued the Ninth Circuit was wrong to rule that Dodd-Frank's anti-retaliation provision protects internal whistleblowers even if they have not reported to the SEC, an issue that has divided appellate courts.
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June 22, 2017 | Permalink
Liquid alternatives specialist Balter Capital Management launched an all-capitalization long/short equity mutual fund in partnership with Invenomic Capital Management. The Balter Invenomic Fund (BIVIX) will have its operations and compliance managed out of the Balter Liquid Alternatives unit, with Invenomic acting as sub-adviser. The fund will utilize quantitative analysis on the front end along with fundamental analysis on the back end to invest in both large and small companies, predominately in the U.S.
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June 22, 2017 | Permalink
Fund Name: T. Rowe Price Multi-Strategy Total Return Fund, Inc.
Adviser: T. Rowe Price Associates, Inc.
Sub-Adviser(s): None
Fees: 1% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: For Investor and Advisor Class Shares: $2,500 minimum initial investment ($1,000 minimum initial investment if opening an IRA, a custodial account for a minor, or a small business retirement plan account), $100 minimum subsequent investment; For Class I Shares: $1,000,000 minimum initial investment, no minimum subsequent investment
Filing Date: June 9, 2017
Effective Date: Pending
   
Fund Name: Nuveen Emerging Markets Debt 2022 Target Term Fund
Adviser: Nuveen Fund Advisors LLC
Sub-Adviser(s): Teachers Advisors LLC
Fees: Not specified
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: Minimum investment of 100 common shares
Filing Date: June 9, 2017
Effective Date: Pending
   
Fund Name: NorthStar Real Estate Capital Income Fund-ADV
Adviser: CNI RECF Advisors LLC
Sub-Adviser(s): None specified
Fees: Management fee paid at the Master Fund level - fee calculated at an annual rate of 1.25% of the Master Fund's average daily net assets.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: $4,000 minimum initial investment, $100 minimum subsequent investment
Filing Date: June 1, 2017
Effective Date: Pending
   
Fund Name: Putnam PanAgora Managed Futures Fund
Adviser: Putnam Investment Management LLC
Sub-Adviser(s): PanAgora Asset Management Inc.
Fees: 1% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $500 minimum initial investment (currently waived; Putnam reserves the right to reject initial investments of less than $500 at its discretion)
Filing Date: May 23, 2017
Effective Date: Pending
   
Fund Name: PanAgora Market Neutral Fund
Adviser: Putnam Investment Management LLC
Sub-Adviser(s): PanAgora Asset Management Inc.
Fees: 1.3% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $500 minimum initial investment (currently waived; Putnam reserves the right to reject initial investments of less than $500 at its discretion)
Filing Date: May 23, 2017
Effective Date: Pending
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June 20, 2017 | Permalink
The SEC announced Robert Evans III was named deputy director of the Division of Corporation Finance, joining deputy director Shelley Parratt as a senior advisor to director William H. Hinman. Evans most recently worked as a capital markets attorney, advising on public and private offerings, securities law compliance and corporate governance.
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