As rumors swirl regarding the potential downfall of a significant player in the alternative investment arena, with concerns regarding customer segregated funds paramount in light of the MF Global and PFG scandals, AlphaMetrix releases a statement that aims to re-assure that all segregated funds are held at a Futures Commission Merchant (FCM) and not at AlphaMetrix.
The statement reads:
The AlphaMetrix companies were started on core principles of transparency. We have invested years of hard work and dedication in building a world class marketplace for alternative investments, which has resulted in years of rapid growth. We are issuing this statement to address inaccurate rumors that have begun to circulate in the marketplace as a result of a recent letter we sent to our fund participants.
AlphaMetrix Group LLC is the parent company of AlphaMetrix LLC and a series of other subsidiaries. AlphaMetrix LLC is the operator for a series of private investment funds and managed accounts. At the parent level, AlphaMetrix Group LLC is working within the capital markets to improve its short-term cash flow. Investor assets remain under the operations of AlphaMetrix LLC, which are on deposit with futures commission merchants and cash custodians and traded by independent investment advisers and commodity trading advisors in accordance with the programs and strategies chosen by each investor.
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