August 2016


September 1, 2016 | Permalink
Alternative investment firm Ramius Alternative Solutions agreed to be acquired by global asset management firm AllianceBernstein. The acquisition of the $3-billion asset manager will allow AllianceBernstein to add "new investment capabilities" to its offerings, the firm stated. This includes access to Ramius's proprietary liquid alternative family Ramius Liquid Portfolios. Terms of the deal, which is expected to close by the end of September, have not been disclosed.
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August 31, 2016 | Permalink
A research paper from bfinance regarding Brexit impact found liquid alternatives will profit from increased dispersion tied to uncertainty at the stock and sector level. According to the paper, they have a low sensitivity to changes to GDP due to the diversity of strategies and return drivers. It also said they have a low sensitivity to inflation given LIBOR+ return targets and "the fact that relative value strategies typically hedge interest rates." According to the firm's head of risk and diversifying strategies, liquid alternatives and private debt will be of high relevance for asset owners in the coming months.
Related News:
Can liquid alternatives fill portfolio gap? - FT Adviser
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August 31, 2016 | Permalink
The SEC proposed rule and form amendments that would require registrants to include internet hyperlinks to exhibits in their filings. SEC Chair Mary Jo White said the change would make it easier to locate documents, which would benefit both investors and companies. Specifically, the proposal would require registrants filing registration statements and periodic and current reports subject to the exhibit requirements under Item 601 of Regulation S-K, or those filing Forms F-10 or 20-F, to include a hyperlink to each exhibit listed in the exhibit index. The amendments would also require registrants submit all of these filings in HTML format. The SEC is accepting public comment for 45 days following publication in the Federal Register.
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August 25, 2016 | Permalink
The SEC, which continues to tighten its oversight on the asset management industry, said it will require more information from investment advisers regarding their separately managed account businesses. Under the new rules, investment advisers will have to provide data on their use of borrowings and derivatives, as well as information on their use of social media. They will also have to maintain additional records on how they calculate and distribute performance information to help regulators determine the truthfulness of their advertising. "This additional information will provide investors and the commission with a better understanding of the risk profile of each adviser and the industry as a whole," SEC Chair Mary Jo White said. Investment advisers will have until October 2017 to comply with the new requirements.
Related News:
SEC steps up scrutiny of advisers' use of social media - InvestmentNews
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August 25, 2016 | Permalink
Fund Name: Brookfield Real Assets Income Fund Inc.
Adviser: Brookfield Investment Management Inc.
Sub-Adviser(s): Schroder Investment Management North America Inc.
Fees: 1.00% of average daily managed assets
Open- or Closed-End: Closed-End
Investor Restrictions: Not specified
Filing Date: Aug. 10, 2016
Effective Date: July 12, 2016
   
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 25, 2016 | Permalink
Fund Name: Direct Lending Income Fund
Adviser: Direct Lending Income Fund Advisors LLC
Sub-Adviser(s): None
Fees: 1% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $25,000 minimum initial investment; $5,000 minimum subsequent investment
Filing Date: Dec. 31, 2015
Effective Date: Pending
   
Fund Name: Stone Ridge Trust V
Adviser: Stone Ridge Asset Management LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $15 million minimum initial investment for institutional investors and their clients; No minimum for other client groups
Filing Date: Dec. 11, 2015
Effective Date: Pending
   
Fund Name: Sound Point Alternative Income Fund
Adviser: Sound Point Capital Management LP
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End
Investor Restrictions: None specified
Filing Date: Dec. 11, 2015
Effective Date: Pending
   
Fund Name: NorthStar Global Corporate Income Master Fund
Adviser: NSAM B-CEF Ltd.
Sub-Adviser(s): OZ Institutional Credit Management LP
Fees: 2% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase; Master fund)
Investor Restrictions: Accredited investor
Filing Date: Dec. 7, 2015
Effective Date: Pending
   
Fund Name: NorthStar Global Corporate Income Fund-T
Adviser: NSAM B-CEF Ltd.
Sub-Adviser(s): OZ Institutional Credit Management LP
Fees: Master fund pays 2% management fee
Open- or Closed-End: Closed-End (Quarterly repurchase; Feeder fund)
Investor Restrictions: $4,000 minimum initial investment; $500 minimum subsequent investment
Filing Date: Nov. 25, 2015
Effective Date: Pending
   
Fund Name: NB Crossroads Private Markets Fund IV
Adviser: Neuberger Berman Management LLC
Sub-Adviser(s): NB Alternatives Advisers LLC
Fees: Master fund pays 0.10% during the first 12 months following the fund's commencement of operations; 0.55% beginning in year two through the end of year eight from the commencement of operations; and 0.30% for the remaining life of the fund based on the investor's total commitments.
Open- or Closed-End: Closed-End (Feeder fund)
Investor Restrictions: Accredited investors and qualified clients
Filing Date: Nov. 19, 2015
Effective Date: Pending
   
Fund Name: GuideMark Alternative Lending Income Fund
Adviser: AssetMark Inc.
Sub-Adviser(s): Not specified
Fees: Not specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: None specified
Filing Date: Nov. 13, 2015
Effective Date: Pending
   
Fund Name: Elkhorn Dorsey Wright Tactical Equity Income Fund
Adviser: Elkhorn Investments LLC
Sub-Adviser(s): Dorsey Wright and Associates Inc.
Fees: Not specified
Open- or Closed-End: Closed-End
Investor Restrictions: Minimum investment of 100 common shares
Filing Date: Oct. 30, 2015
Effective Date: Pending
   
Fund Name: Castlemaine Emerging Markets Opportunities Fund
Adviser: Castlemaine LLC
Sub-Adviser(s): None
Fees: 1.24% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $1 million minimum initial investment
Filing Date: Oct. 13, 2015
Effective Date: Pending
   
Fund Name: Castlemaine Event Driven Fund
Adviser: Castlemaine LLC
Sub-Adviser(s): None
Fees: 1.24% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $1 million minimum initial investment
Filing Date: Oct. 13, 2015
Effective Date: Pending
   
Fund Name: Castlemaine Long/Short Fund
Adviser: Castlemaine LLC
Sub-Adviser(s): None
Fees: 1.24% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $1 million minimum initial investment
Filing Date: Oct. 13, 2015
Effective Date: Pending
   
Fund Name: Castlemaine Market Neutral Fund
Adviser: Castlemaine LLC
Sub-Adviser(s): None
Fees: 1.24% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $1 million minimum initial investment
Filing Date: Oct. 13, 2015
Effective Date: Pending
   
Fund Name: Castlemaine Multi-Strategy Fund
Adviser: Castlemaine LLC
Sub-Adviser(s): None
Fees: 1.24% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $1 million minimum initial investment
Filing Date: Oct. 13, 2015
Effective Date: Pending
   
Fund Name: Catalyst Hedged Commodity Strategy Fund
Adviser: Catalyst Capital Advisors LLC
Sub-Adviser(s): None
Fees: 1.75% management fee
Open- or Closed-End: Open-end (mutual fund)
Investor Restrictions: $2,500 minimum initial investment, $100 minimum subsequent investment
Filing Date: May 5, 2015
Effective Date: Aug. 14, 2015
   
Fund Name: Catalyst IPOx Allocation Fund
Adviser: Catalyst Capital Advisors LLC
Sub-Adviser(s): None
Fees: 1.50% management fee
Open- or Closed-End: Open-end (mutual fund)
Investor Restrictions: $2,500 minimum initial investment, $100 minimum subsequent investment
Filing Date: May 5, 2015
Effective Date: Aug. 14, 2015
   
Fund Name: Palmer Square Strategic Finance Fund
Adviser: Palmer Square Capital Management LLC
Sub-Adviser(s): None
Fees: Not Specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $5 million minimum initial investment; $2,500 minimum subsequent investment
Filing Date: Sept. 21, 2015
Effective Date: Pending
   
Fund Name: Total Income+ Mortgage Fund
Adviser: Bluerock Fund Advisor LLC
Sub-Adviser(s): None
Fees: 1.5% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $1 million minimum initial investment (Class I); $2,500 minimum initial investment for regular accounts; $1,000 minimum initial investment for retirement plan accounts (Class A and C)
Filing Date: Sept. 17, 2015
Effective Date: Pending
   
Fund Name: Cushing MLP Infrastructure Fund II
Adviser: Cushing Asset Management LP
Sub-Adviser(s): None
Fees: 1% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase; Feeder fund)
Investor Restrictions: Accredited investors
Filing Date: Sept. 1, 2015
Effective Date: Pending
   
Fund Name: CPG York Event Driven Strategies
Adviser: Central Park Advisers LLC
Sub-Adviser(s): None
Fees: 0.65% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Accredited investors
Filing Date: Aug. 10, 2015
Effective Date: Pending
   
Fund Name: Series Portfolio Trust
Adviser: Weiss Multi-Strategy Advisers LLC
Sub-Adviser(s): None
Fees: 1.6% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $250,000 minimum initial investment (Class I); $2 million minimum initial investment (Class K)
Filing Date: Aug. 7, 2015
Effective Date: Pending
   
Fund Name: Ivy Apollo Strategic Income Fund
Adviser: Ivy Investment Management Company
Sub-Adviser(s): Apollo Credit Management LLC
Fees: 0.68% of net assets up to $1 billion; 0.62% of net assets over $1 billion and up to $2 billion; 0.58% of net assets over $2 billion and up to $3 billion; and 0.57% of net assets over $3 billion.
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $750 minimum initial investment.
Filing Date: Sept. 30, 2015
Effective Date: Oct. 1, 2015
   
Fund Name: Ivy Apollo Multi-Asset Income Fund
Adviser: Ivy Investment Management Company
Sub-Adviser(s): Apollo Credit Management LLC
Fees: 0.70% of net assets up to $1 billion; 0.65% of net assets over $1 billion and up to $2 billion; 0.61% of net assets over $2 billion and up to $3 billion; and 0.58% of net assets over $3 billion.
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $750 minimum initial investment.
Filing Date: Sept. 30, 2015
Effective Date: Oct. 1, 2015
   
Fund Name: TCW/Carlyle Liquid Tactical Fund
Adviser: TCW Investment Management Company
Sub-Adviser(s): Carlyle Liquid Market Solutions
Fees: Not Specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: None
Filing Date: July 16, 2015
Effective Date: Sept. 29, 2015
   
Fund Name: TCW/Carlyle Trend Following Fund
Adviser: TCW Investment Management Company
Sub-Adviser(s): Carlyle Liquid Market Solutions
Fees: Not Specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: None
Filing Date: July 16, 2015
Effective Date: Sept. 29, 2015
   
Fund Name: TCW/Carlyle Absolute Return Fund
Adviser: TCW Investment Management Company
Sub-Adviser(s): Carlyle Liquid Market Solutions
Fees: Not Specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: None
Filing Date: July 16, 2015
Effective Date: Sept. 29, 2015
   
Fund Name: Guggenheim Global Equity 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 (Periodic repurchase)
Investor Restrictions: Minimum investment of 100 common shares
Filing Date: July 2, 2015
Effective Date: Pending
   
Fund Name: Cushing MLP Infrastructure Master Fund
Adviser: Cushing Asset Management LP
Sub-Adviser(s): None
Fees: 1% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Accredited investors
Filing Date: June 30, 2015
Effective Date: Pending
   
Fund Name: RiverNorth Marketplace Lending Corp.
Adviser: RiverNorth Capital Management LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: None specified
Filing Date: June 11, 2015
Effective Date: Pending
   
Fund Name: Ramius Archview Event Credit Feeder Fund
Adviser: Ramius Advisors LLC
Sub-Adviser(s): Archview Investment Group LP
Fees: 1.5% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $25,000 minimum initial investment; $10,000 minimum subsequent additional investment. Qualified investors only.
Filing Date: June 5, 2015
Effective Date: Pending
   
Fund Name: RiverNorth Multi-Strategy Arbitrage Fund
Adviser: RiverNorth Capital Management LLC (Closed-End Fund Arbitrage Strategy)
Sub-Adviser(s): Vivaldi Asset Management LLC (Merger Arbitrage Strategy) and Linden Advisors LP (Convertible/Credit Strategy)
Fees: Not specified
Open- or Closed-End: Closed-End (Exchange traded)
Investor Restrictions: None specified
Filing Date: May 28, 2015
Effective Date: Pending
   
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
   
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, 2015
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
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
Investor Restrictions: $5,000 Minimum
Filing Date: March 30, 2015
Effective Date: Pending
   
Fund Name: Archstone Alternative Solutions Fund
Adviser: Archstone Advisory Management LLC
Sub-Adviser(s): None
Fees: 1.2% up to (and including) $1B; 1.1% over $1B and up to (and including) $5B; 1.0% over $5B.
Open- or Closed-End: Closed-End (Possible quarterly repurchase of up to 20%)
Investor Restrictions: Accredited investor
Filing Date: March 19, 2015
Effective Date: Pending
   
Fund Name: Tekla World Healthcare Fund
Adviser: Tekla Capital Management LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Repurchase at least annually)
Investor Restrictions: None
Filing Date: March 10, 2015
Effective Date: Pending
   
Fund Name: BNY Mellon Absolute Insight Funds
Adviser: The Dreyfus Corporation
Sub-Adviser(s): Pareto Investment Management Ltd.
Fees: Not Specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: None
Filing Date: March 3, 2015
Effective Date: Pending
   
Fund Name: TCW/Gargoyle Hedged Value Fund
Adviser: TCW Investment Management Company
Sub-Adviser(s): Gargoyle Investment Advisor LLC
Fees: 0.9% Annually
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: None
Filing Date: March 10, 2015
Effective Date: Pending
   
Fund Name: The Gabelli Go Anywhere Trust
Adviser: Gabelli Funds LLC
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Closed-End (Total return fund)
Investor Restrictions: $5,000 Minimum
Filing Date: March 3, 2015
Effective Date: Pending
   
Fund Name: Vanguard Alternative Strategies Fund
Adviser: The Vanguard Group Inc.
Sub-Adviser(s): None
Fees: Not specified
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: Institutional Investors; $250,000 Minimum
Filing Date: Feb. 27, 2015
Effective Date: Pending
   
Fund Name: Context Fundamental Value Long/Short Fund
Adviser: Context Advisers III LLC
Sub-Adviser(s): Omega Advisors Inc.
Fees: 2% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase of 5% of outstanding shares)
Investor Restrictions: Qualified clients; $25,000 Minimum
Filing Date: Feb. 17, 2015
Effective Date: Pending
   
Fund Name: Terra Income Fund 6
Adviser: Terra Income Advisors
Sub-Adviser(s): None
Fees: 3% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: Net worth of at least $70,000 and annual gross income of at least $70,000, or a net worth of at least $250,000. $5,000 Minimum.
Filing Date: March 3, 2015
Effective Date: Pending
   
Fund Name: CNL Energy Total Return Fund
Adviser: CNL Energy Fund Advisors LLC
Sub-Adviser(s): None
Fees: Not Specified
Open- or Closed-End: Closed-End
Investor Restrictions: $5,000 Minimum ($4,000 for qualified plans)
Filing Date: Feb. 27, 2015
Effective Date: Pending
   
Fund Name: First Trust Securities Convertible Income Fund
Adviser: First Trust Advisors
Sub-Adviser(s): SSI Investment Management
Fees: Not specified
Open- or Closed-End: Closed-End
Investor Restrictions: None specified
Filing Date: Jan. 5, 2015
Effective Date: Pending
 
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August 19, 2016 | Permalink
Wilshire Associates agreed to follow the United Nations' Principles for Responsible Investing, signalling a commitment to include environmental, social and governance factors into its investment decisions and practices. The firm is home to the Wilshire Liquid Alternative Index, which measures the liquid alternative investment strategies' performance. The UN principles were launched in 2006 and feature six key principles that are designed to encourage responsible investment. More than 1,500 global financial institutions with more than $62 trillion in total AUM had agreed to the principles as of April 2016.
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August 17, 2016 | Permalink
AQR Capital Management posted three of the top five funds in terms of net flows in the second quarter, according to Wilshire Associates data. The firm's managed futures fund brought in $1.8 billion last quarter. AQR also had the third- and fifth-best inflows among all tracked funds, with its AQR Style Premia fund gaining $500 million and its long-short equity mutual fund snagging $300 million in net flows. read more
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 10, 2016 | Permalink
The SEC appointed Kristin Snyder as co-national associate director of the Investment Adviser/Investment Company examination program in the Office of Compliance Inspections and Examinations, alongside co-head Jane Jarcho, who has led the program since 2013 and was named OCIE's deputy director in February. Jarcho and Snyder will oversee more than 520 lawyers, accountants and examiners responsible for inspections of SEC registered investment advisers and investment companies.
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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
The CFTC announced three separate measures designed to improve the protection of customer funds. It approved an order to exempt Federal Reserve Banks that maintain customer accounts for derivatives clearing organizations from liability under the Commodity Exchange Act. The Divisions of Clearing and Risk and Swap Dealer and Intermediary Oversight also issued separate interpretative and no-action letters regarding the use of money market funds by DCOs and futures commission merchants. The exemption facilitates the use of Federal Reserve Banks by DCOs that have been designated by the Financial Stability Oversight Council as systemically important. The exemption permits the Federal Reserve Banks to hold such DCOs’ customer funds without being subject to liability under the CEA.
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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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