Alternative Investments. For alternative investment products, such as private funds, trail payments may be as high as 1.25% on an annual basis. Trail payments for managed futures funds can be as high as 2% annually.
Alternative Investments. The Depositor may, at the Depositor’s discretion, direct the Custodian to purchase “alternative” investments which shall include, but not be limited to, investments which are individually negotiated by the Depositor and/or the Depositor’s agent, or part of a private placement of securities offered in reliance upon exemptions provided by Sections 3(B) and 4(2) of the Securities Act of 1933 and Regulation D promulgated thereunder. It is the Depositor’s sole responsibility to determine whether or not the Depositor’s selected investment(s) is required to be registered as a security with any applicable federal and/or state regulatory authority. The Custodian reserves the right to not follow such direction or process such investment(s) for administrative reasons. Such action should not be construed as investment advice or an opinion by the Custodian as to the investment's prudence or viability. If the Depositor or the Depositor’s agent should direct the Custodian to purchase an alternative investment, as defined above, the following special certifications and provisions shall apply:
Alternative Investments. The Offer will permit Unitholders to liquidate their investment in the Partnership, which could then allow such holders to invest in less speculative and more liquid alternative investments which may yield greater annual cashflows. According to information provided by the Partnership, the Partnership distributed $21.25 per Unit in operational cashflow for the fiscal year ended September 30, 1996. Based on the NAV of $398 per Unit, cashflow per Unit for the fiscal year ended September 30, 1996, was 5.3
Alternative Investments. You may, at your discretion, direct us to purchase “alternative” investments which shall include, but not be limited to, investments which are individually negotiated by you or your agent, or part of a private placement of securities offered in reliance upon exemptions provided by Sections 3(B) and 4(2) of the Securities Act of 1933 and Regulation D promulgated thereunder. It is your sole responsibility to determine whether or not your selected investment(s) is required to be registered as a security with any applicable federal and/or state regulatory authority. We reserve the right to not follow such direction or process such investment(s) for administrative reasons. Such action should not be construed as investment advice or an opinion by us as to the investment's prudence or viability. If you or your agent should direct us to purchase a alternative investment, as defined above, the following special certifications and provisions shall apply:
Alternative Investments. For alternative investment products, such as publicly offered, non-traded business development companies (“BDCs”) or real estate investment trusts (“REITs”), the upfront sales charge may be as high as 5.50%.
Alternative Investments. LPL charges alternative investment sponsors up to $30,000 for initial products that are on- boarded to LPL’s platforms and $15,000 for follow-on offerings.
Alternative Investments. The following Section 5.23 is hereby added to the Credit Agreement:
Alternative Investments. Borrower may use proceeds of the Loans to make Alternative Investments, provided, however, that as of the last day of each calender quarter, the total book value, calculated in accordance with GAAP but without deduction for depreciation, of Alternative Investments made from and after the closing of the Merger shall not exceed 20% of Combined Asset Value. For purposes hereof, "ALTERNATIVE INVESTMENTS" means any investment other than (i) the acquisition of a Real Property Asset more than 75% of the rentable area of which is leased to a single tenant, whether directly or through a joint venture, or (ii) development activities as described in Section 5.17. Whether directly or through a joint venture.
Alternative Investments. The alternative segment posted a decline in the quarter, with the HFRI FOF Market Defensive Index declining -3.44%. While the Plan’s alternative returns outperformed the benchmark slightly, it was a disappointing quarter with three of the four strategies registering negative returns. The one strategy that posted a positive return, the Xxxxx Xxxxx Global Macro Absolute Return Fund, was up only 0.07%. The biggest impact to both the index and the Plan returns came from the managed futures component. After the first quarter where the AQR Managed Futures fund returned over +8.5%, the fund relinquished all of those returns, declining in the second quarter by -8.3%. Currencies were the weakest performing segment for the Fund, with positions in the Euro and the New Zealand dollar acting as key detractors. However, trend reversals in equities, commodities, and most notably fixed income (with the 10 year treasury widening 43 basis points) all detracted from performance. The Arbitrage Fund’s return of -0.61% was noteworthy due primarily to one M&A transaction. Xxxxxxxx Co had announced intentions to buy Xxxxxxxx Partners, and the deal was set to close in August. Within the arbitrage strategy, the Fund was long Xxxxxxxx Partners, and short Xxxxxxxx Company. On June 22nd, Energy Transfer Equity LP made an all stock offer for Xxxxxxxx Company, contingent on Xxxxxxxx Company abandoning their bid of Partners. Xxxxxxxx Company rejected the offer from Energy Transfer, but the short-term damage was done as the Fund’s short position in Xxxxxxxx Company was up 26% on the day and Xxxxxxxx Partners (long position) was down 8%. The managers plan on holding their long position in Xxxxxxxx Partners, but they have shrunk their short position on Xxxxxxxx Company. This transaction had by far and away the biggest negative impact on the portfolio during the quarter. ▪ The alternative investment segment returned -2.71% in the second quarter, which exceeded the Hedge Fund Research Institute Market Defensive Index return of -3.44%. ▪ The Arbitrage Fund returned -0.61% in the quarter which ranked in the 54th percentile of Morningstar’s Market Neutral Universe. ▪ The JPMorgan Research Market Neutral Fund returned -0.65%, which placed the Fund in the 55th percentile of the Morningstar Market Neutral Universe. ▪ The Xxxxx Xxxxx Global Macro Absolute Return Fund posted a 0.07% return, which placed in the 45th percentile of the Morningstar Non- Traditional Bond Universe. ▪ The AQR Managed Future...
Alternative Investments. Strategies involving “alternative” investments generally include those which do not fall into equity, fixed income or cash equivalents. Such investments would include “real assets” such as real estate and commodities, and alternative strategies such as absolute return strategies and various other hedge fund-type strategies: global macro, managed futures, long/short equity, multi-strategy, event driven, private equity, etc. The goal of these alternative strategies is to provide for diversification in order to lower portfolio volatility and enhance long-term returns. The alternative investments we recommend are managed through ETFs; they are not individual holdings. We do not directly invest in any Alternative Investments including Hedge Funds, Managed Futures Accounts, Private Equity or Real Estate Investment Trusts.
