Tue, Mar 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

AlphaMetrix source expresses optimism firm will meet NFA deadline, pay CTA fees; January conference still on track

Wednesday, October 30, 2013

Mark Melin, Opalesque Futures Intelligence, Chicago:

As a public deadline with the National Futures Association (NFA) approaches that could essentially end the firm’s business, a source inside AlphaMetrix expressed optimism the January, 2014 conference in Miami Beach will take place. Further, this source considered it likely the firm will pay all outstanding fees owed to managed futures CTAs before the November 1 deadline imposed by an NFA enforcement action A formal announcement is expected within days.

If AlphaMetrix does not pay fees to managed futures commodity trading advisors (CTAs) the NFA would prohibit the firm from placing trades for pools it operates, except for liquidating trades, and further would ban it from disbursing or transferring any funds from any customer or pool account without NFA prior approval. With this crippling event as a backdrop, sources indicate that firm CEO and founder Aleks Kins has been engaged in a juggling act of negotiations with multiple parties, having the goal to emerge from the troubles a different but nonetheless viable entity. Sources say the structure of the debt load and negotiations to keep creditors comfortable with collateral are key issues.

At the upcoming 2014 Miami Beach conference attendees might expect some of the lavish entertainment to be toned down; as well, speculation is the list of complementary accommodations for many ins......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner