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Alternative Market Briefing

Redemptions force AlphaMetrix to liquidate funds off platform, plans to continue as viable entity and to host conferences

Thursday, October 31, 2013

Mark Melin, Opalesque Futures Intelligence, Chicago:

AlphaMetrix released a statement saying the firm would begin orderly redemptions of client assets held on its managed account platform and a spokesperson said the firm will remain a viable entity.

The statement reads:

"In light of recent redemption requests, AlphaMetrix has determined that its sponsored funds will no longer be able to effectively trade the investment strategy employed by each trading advisor. As a result, AlphaMetrix has decided that it is in the best interest of all investors for the funds to cease trading as of October 31, 2013, and enter into an orderly liquidation. For all investors who have not already redeemed, it is anticipated that AlphaMetrix will distribute 90% of the proceeds to investors on or about November 21, 2013. The balance will be distributed upon the completion of a final audit."

As reported yesterday, plans for the firm’s Miami Beach conference are in place and the firm will likely attempt to engage in some sort of workout with CTAs with whom it owes fees. " "The January 2014 conference remains on track and AlphaMetrix will continue to operate its risk, research and events business," said Conor Shea, a press spokesman for AlphaMetrix, The viability of the AlphaMetrix managed account platform remains in question.

On October 18 it was reported the firm was in negotiations for a sale or a......................

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