August 11, 2016 | Permalink
Fund Name: XAI Octagon Credit Opportunities Alternative Registered Trust - Brokerage Feeder
Adviser: XA Investments LLC
Sub-Adviser(s): Octagon Credit Investors LLC
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase; Feeder fund)
Investor Restrictions: None specified
Filing Date: Aug. 8, 2016
Effective Date: Pending
   
Fund Name: Relative Value Fund
Adviser: Vivaldi Asset Management LLC
Sub-Adviser(s): RiverNorth Capital Management LLC
Fees: 1.5% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $1,000 minimum initial investment
Filing Date: Aug. 8, 2016
Effective Date: Pending
   
Fund Name: Federated Project & Trade Finance Tender Fund
Adviser: Federated Investment Management Company
Sub-Adviser(s): Federated Investors (UK) LLP
Fees: 0.50% management fee on the average daily value of the fund's total managed assets
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $500,000 minimum initial investment; $25,000 minimum subsequent investment
Filing Date: July 21, 2016
Effective Date: Pending
   
Fund Name: Pioneer ILS Bridge Fund
Adviser: Pioneer Investment Management Inc.
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $1 million minimum initial investment (per registered investment adviser or intermediary if made through an adviser or intermediary, or per individual investor if made directly)
Filing Date: July 15, 2016
Effective Date: Pending
   
Fund Name: NB Crossroads Private Markets Fund IV (TE) - Custody Client LLC
Adviser: Neuberger Berman Investment Advisers LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Certain U.S. tax-exempt entities that are accredited investors and qualified clients (as specified in filing); $50,000 minimum capital commitment
Filing Date: July 13, 2016
Effective Date: Pending
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August 9, 2016 | Permalink
Nuveen Investments launched a technology-driven platform designed to facilitate and expand qualified clients of financial advisers and family offices' access to its alternative investment strategies. Nuveen manages approximately $140 billion of alternative investments for institutional investors, but is hoping to attract further investments as part of the increased demand for alternative investment strategies, including liquid alternative funds, which have increased in number by more than 66% from 921 funds at the end of 2011, while total assets have doubled from $88 billion during the same period. The new platform is designed to make it easier for advisers to obtain information and access to Nuveen's alternative products.
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August 8, 2016 | Permalink
Wells Fargo Asset Management signed an agreement to acquire investment firm Analytic Investors, which currently holds $15 billion in assets. Analytic is the sub-advisor of 361 Capital, a liquid alternative mutual fund specialist firm, and is expected to be folded into WFAM. Financial terms of the agreement were not disclosed and the transaction is expected to close by Oct. 1, 2016.
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August 3, 2016 | Permalink
Franklin Templeton, along with its alternatives unit K2 Advisors, launched the Franklin K2 Global Macro Opportunities Fund. The liquid alternative mutual fund will use a multi-manager macro strategy to invest in a range of global macro opportunities across equity, interest rate, currency and commodity markets and strategies. K2's Rob Christian and Anthony Zanolla will manage the fund, which is sub-advised by several hedge funds, including Aspect Capital Limited, Emso Asset Management Limited and Graham Capital Management.
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July 28, 2016 | Permalink
MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, entered into an agreement with Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners. MUFG Investor Services will acquire Rydex Fund Services, Guggenheim's 1940-Act mutual fund administration business. The transaction is expected to close in the fourth quarter of 2016. Financial details weren't made public.
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July 28, 2016 | Permalink
Fund Name: Federated Project & Trade Finance Tender Fund
Adviser: Federated Investment Management Company
Sub-Adviser(s): Federated Investors (UK) LLP
Fees: 0.50% management fee on the average daily value of the fund's total managed assets
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $500,000 minimum initial investment; $25,000 minimum subsequent investment
Filing Date: July 21, 2016
Effective Date: Pending
   
Fund Name: Pioneer ILS Bridge Fund
Adviser: Pioneer Investment Management Inc.
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $1 million minimum initial investment (per registered investment adviser or intermediary if made through an adviser or intermediary, or per individual investor if made directly)
Filing Date: July 15, 2016
Effective Date: Pending
   
Fund Name: NB Crossroads Private Markets Fund IV (TE) - Custody Client LLC
Adviser: Neuberger Berman Investment Advisers LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Certain U.S. tax-exempt entities that are accredited investors and qualified clients (as specified in filing); $50,000 minimum capital commitment
Filing Date: July 13, 2016
Effective Date: Pending
   
Fund Name: NB Crossroads Private Markets Fund IV (TE) - Client LLC
Adviser: Neuberger Berman Investment Advisers LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Certain U.S. tax-exempt entities that are accredited investors and qualified clients (as specified in filing); $50,000 minimum capital commitment
Filing Date: July 13, 2016
Effective Date: Pending
   
Fund Name: NB Crossroads Private Markets Fund IV (TI) Client LLC
Adviser: Neuberger Berman Investment Advisers LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Accredited investors; Qualified clients; $50,000 minimum capital commitment
Filing Date: July 13, 2016
Effective Date: Pending
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July 21, 2016 | Permalink
At a recent meeting of the Treasury Department's Financial and Banking Information Infrastructure Committee, leaders of the SEC and the Commodity Futures Trading Commission reinforced the belief that the SEC will begin reviewing the consumer privacy and data protection practices at all publicly traded companies. According to the meeting synopsis, SEC Chairwoman Mary Jo White and CFTC Chairman Timothy Massad discussed their agencies' strategies for ensuring cyber resiliency in the financial sector. The SEC has recently publicly stated its concerns about cybersecurity and financial stability and the agency and the CFTC are expected to be more proactive about cybersecurity oversight, risk assessment and cyber examination in the coming weeks.
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July 18, 2016 | Permalink
A report by JPMorgan and consulting firm Oliver Wyman argues that blockchain technology presents an opportunity for asset managers to offer more sophisticated services to clients. The report said revenue opportunities will stem from improved data sources, greater liquidity and lower frictional costs fostered by blockchain. Asset managers will be able to serve clients in new ways, for instance through real-time reporting or alternate trading strategies. The study predicts blockchain adoption by asset managers will take place in three waves, the first of which will take shape between now and 2019. The last wave, during which the development of "critical infrastructure" around the technology will take place, is expected to occur between 2020 and 2030. The report said the current adoption wave will see the development of simple applications focused on data communication between network parties, while the second wave will give rise to systems used to store core transaction data. The study also noted that investment in blockchain startups has reached $300 million and continues to grow.
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July 14, 2016 | Permalink
Launched following the completion of the merger with the closed-end LMP Real Estate Income Fund, the open-end ClearBridge Real Estate Opportunities Fund is managed by Legg Mason, with sub-advisory services provided by its ClearBridge and Western Asset Management Company subsidiaries. The fund will invest up to 80% of assets in the securities of real estate entities, including investments in mortgage-backed securities, mortgages, loans, collateralized debt obligations, collateralized loan obligations and other asset-backed securities. Up to 25% will be invested in non-real estate debt instruments, including U.S. government bonds, preferred stock, convertible debt and corporate bonds.
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July 14, 2016 | Permalink
Fund Name: NB Crossroads Private Markets Fund IV (TE) - Custody Client LLC
Adviser: Neuberger Berman Investment Advisers LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Certain U.S. tax-exempt entities that are accredited investors and qualified clients (as specified in filing); $50,000 minimum capital commitment
Filing Date: July 13, 2016
Effective Date: Pending
   
Fund Name: NB Crossroads Private Markets Fund IV (TE) - Client LLC
Adviser: Neuberger Berman Investment Advisers LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Certain U.S. tax-exempt entities that are accredited investors and qualified clients (as specified in filing); $50,000 minimum capital commitment
Filing Date: July 13, 2016
Effective Date: Pending
   
Fund Name: NB Crossroads Private Markets Fund IV (TI) Client LLC
Adviser: Neuberger Berman Investment Advisers LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master Fund pays 0.10% during the first 12 months following the Master Fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations and then 0.30% for the remaining life of the Master Fund.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Accredited investors; Qualified clients; $50,000 minimum capital commitment
Filing Date: July 13, 2016
Effective Date: Pending
   
Fund Name: RiverPark Commercial Real Estate Fund
Adviser: RiverPark Advisors LLC
Sub-Adviser(s): Talimco LLC
Fees: 0.65% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $100,000 minimum initial investment
Filing Date: July 11, 2016
Effective Date: Pending
   
Fund Name: RiverNorth/DoubleLine Strategic Opportunity Fund
Adviser: RiverNorth Capital Management LLC
Sub-Adviser(s): DoubleLine Capital LP
Fees: Not specified
Open- or Closed-End: Closed-End (To be NYSE listed)
Investor Restrictions: Not specified
Filing Date: July 1, 2016
Effective Date: Pending
   
Fund Name: CION Ares Diversified Credit Fund
Adviser: CION Ares Management LLC
Sub-Adviser(s): Unspecified entity affiliated with Ares Management LLC
Fees: 1.5% Management Fee; and Non-specified percentage of quarterly pre-incentive fee net investment income.
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $2,500 minimum initial investment (regular accounts); $1,000 minimum initial investment (retirement plan accounts)
Filing Date: June 30, 2016
Effective Date: Pending
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