Alternative Market Briefing

Money manager hurt by MF Global offers investors a recovery strategy

Friday, July 27, 2012

Bailey McCann, Opalesque New York:

TYL Trading LLC, a Louisiana-based managed futures firm is offering clients affected by the MF Global scandal access to a new pricing approach designed to help them recover their losses more quickly. The firm is offering access to its TYL Trading Blend Diversified Program, which launched in 2005, with a variety of fee discounts. The program is a multi-strategy, systematic managed futures strategy.

"Our proprietary money and all of our client assets were with MF Global. When regulators discovered what was going on, the damage had already been done to investor portfolios as well as ours," explains Conway P. Geoffroy, TYL Principal and Portfolio Manager. "So we are offering access to our program without taking the 20% incentive fee. We believe this will help our clients to recoup their losses faster."

According to Geoffroy, TYL started to hear rumors in how MF Global was conducting its business before the scandal was fully revealed. He noted that some MF Global clients and brokers left MF Global prior to the bankruptcy because of their own concerns. "We started looking around and decided it was time to take action and thankfully, we did exit all of our trades before everything came to light," he says.

However, the TYL’s own accounts with MF Global along with those of their clients were then frozen when regulators moved forward with action against the firm. "This action brought our firm’s operations to a standstill, because we......................

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