Patents Assigned to Mopex, Inc.
  • Publication number: 20030009404
    Abstract: A mutual fund securitization process permitting the trading of open end mutual funds and linked derivative securities on or off the floor of a National Securities Exchange. The targeted individual open end mutual fund or group of open end mutual funds, selected through a screening process is securitized through the creation of a new, separate security. This new security is preferably a "closed end fund of funds" and linked derivative securities, which synthetically replicate the statistical relationship of the defined individual or group of open end mutual funds. The maintenance of financial records for the new security is maintained by electronically storing dividend, capital gains and income received from the open end funds which have been invested in, and calculating pro-forma financial statements to disseminate to shareholders and all relevant parties.
    Type: Application
    Filed: April 18, 2001
    Publication date: January 9, 2003
    Applicant: Mopex, Inc.
    Inventors: Kenneth Kiron , Kevin Bander
  • Publication number: 20030009405
    Abstract: A mutual fund securitization process permitting the trading of open end mutual funds and linked derivative securities on or off the floor of a National Securities Exchange. The targeted individual open end mutual fund or group of open end mutual funds, selected through a screening process is securitized through the creation of a new, separate security. This new security is preferably a "closed end fund of funds" and linked derivative securities, which synthetically replicate the statistical relationship of the defined individual or group of open end mutual funds. The maintenance of financial records for the new security is maintained by electronically storing dividend, capital gains and income received from the open end funds which have been invested in, and calculating pro-forma financial statements to disseminate to shareholders and all relevant parties.
    Type: Application
    Filed: April 20, 2001
    Publication date: January 9, 2003
    Applicant: Mopex, Inc.
    Inventors: Kenneth Kiron , Kevin Bander
  • Patent number: 6088685
    Abstract: A mutual fund securitization process permitting the trading of open end mutual funds and linked derivative securities on or off the floor of a National Securities Exchange. The targeted individual open end mutual fund or group of open end mutual funds, selected through a screening process is securitized through the creation of a new, separate security. This new security is preferably a "closed end fund of funds" and linked derivative securities, which synthetically replicate the statistical relationship of the defined individual or group of open end mutual funds. The maintenance of financial records for the new security is maintained by electronically storing dividend, capital gains and income received from the open end funds which have been invested in, and calculating pro-forma financial statements to disseminate to shareholders and all relevant parties.
    Type: Grant
    Filed: August 27, 1998
    Date of Patent: July 11, 2000
    Assignee: Mopex, Inc.
    Inventors: Kenneth Kiron, Kevin S. Bander
  • Patent number: 5806048
    Abstract: A mutual fund securitization process permitting the trading of open end mutual funds and linked derivative securities on or off the floor of a National Securities Exchange. The targeted individual open end mutual fund or group of open end mutual funds, selected through a screening process is securitized through the creation of a new, separate security. This new security is preferably a "closed end fund of funds" and linked derivative securities, which synthetically replicate the statistical relationship of the defined individual or group of open end mutual funds. The maintenance of financial records for the new security is maintained by electronically storing dividend, capital gains and income received from the open end funds which have been invested in, and calculating pro-forma financial statements to disseminate to shareholders and all relevant parties.
    Type: Grant
    Filed: October 12, 1995
    Date of Patent: September 8, 1998
    Assignee: Mopex, Inc.
    Inventors: Kenneth Kiron, Kevin S. Bander