Publication number: 20110307416
Abstract: A family of hedge funds, serving as “feeder funds” into underlying single-manager hedge funds, formed to provide smaller investors with the ability to allocate and reallocate assets among alternative strategies, and this basic structure combining interrelated systems and methods for offering, redeeming, exchanging, valuing, reporting and servicing the same is a new approach. The system and methods described herein provide investors having less than ultra-high net worth portfolios with access to hedge funds and the potential valuable diversification to an overall portfolio, and the ability to customize their portfolio of hedge funds to their individual needs and adjust such portfolio over time as seen fit in light of changing financial needs and market conditions. This invention gives a wide range of investors access to hedge funds, creating economic value using a new source of stable investor capital for hedge fund managers, a value shared with investors through reduced costs.
Type:
Application
Filed:
August 15, 2011
Publication date:
December 15, 2011
Applicant:
Bank of America Corporation
Inventors:
Robert Michael Alderman, Steven Neil Baumgarten, Paul Joseph Brennan, Jeffrey Frazer Chandor, Winston Llewellyn Clinton, SR., Lance Daniel Larsen, Stephen Michael Mulford Miller, Steven Bruce Olgin, Michael Louis Pungello, Ronald Scott Rosenberg, Lynda Marie Salvi-Chiara, Grace Theresa Sette, Ira Paul Shapiro, George Edward Skibik, JR., Paul Joseph Tartanella, Kathleen Versland, Ashleigh Ryan Widger, Courtney Lauren Hughes