System, method, and program product for managing a collective investment vehicle including a true-up operation

US8285624B2 · kind B2 · utility

Assignee

• D12 Ventures, LLC · US

Inventors

• Paul Edward Kuhnle · Doylestown, US
• George Tedesche Simon · Robinson Township, US
• John Stuart Thomas · Morristown, US
• Mark Steven Criscitello · Colts Neck Township, US
• Daniel Joseph McCabe · Upper Saddle River, US

Key dates

• Filing date: Oct 1, 2010
• Grant date: Oct 9, 2012
• Expiry date: Mar 3, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for managing redemptions, the method comprising: receiving, a request to redeem shares of a fund for a given market participant (MP), comprising a number of shares to redeem or a value-specifying parameter; communicating before a strike time an identification of a set of assets to distribute including a number of each one of the assets, to a MP representative, which MP representative is restricted from liquidating and disclosing the set of assets; calculating, a true-up amount, based on a monetary value at the strike time of the set of assets and either the monetary value as of the strike time of the number of shares requested to be redeemed, or the monetary value as of the strike time comprising a number of shares approximated by the value-specifying parameter, causing a transfer of all or a portion of the set of assets to the MP representative.