The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 15, 2013
Filed:
Dec. 10, 2002
Peter C. Freund, New York, NY (US);
Peter C. Freund, New York, NY (US);
JPMorgan Chase Bank, N.A., New York, NY (US);
Abstract
The invention provides a method and system for providing liquidity to an alternative investment fund, such as to address the problem of illiquidity for investors in primary funds such as alternative investment funds. The transaction system includes investors in an alternative investment fund, a manager of the fund, and a structure that provides liquidity to investors who are otherwise saddled with illiquid ownership interests in the fund. The structure provides a fund investor with an option to designate some of the investor's interest in the fund to the structure, which will provide a preferred cash flow to the structure and which will provide immediate funds to the investor. In one aspect of the invention, the liquidity-providing structure is implemented using a trust to which the investor assigns his interest. The goal of the invention is to provide liquidity to investors of otherwise illiquid assets.