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Seward & Kissel Launches Regulatory Compliance Service: Portfolio Products

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Seward & Kissel LLP unveiled Seward & Kissel Regulatory Compliance, a suite of services that provides comprehensive and cost-efficient assistance to asset managers in the task of complying with regulatory obligations.

Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm’s attorneys on a flexible basis. SKRC’s services include registration, preparation of policies and procedures, and continued day-to-day advice and assistance with compliance.

In addition, SKRC conducts mock audits designed to prepare clients for regulatory examinations. In its mock audits, Seward & Kissel attorneys perform analysis of policies, procedures, and practices to identify potential deficiencies and in-person interviews of key company personnel.

“With SKRC, we’ve introduced an important new avenue through which investment managers can approach the often burdensome task of regulatory compliance,” Patricia A. Poglinco and Robert B. Van Grover, co-heads of Seward & Kissel’s Investment Management Group, said in a statement. “We are pleased to offer to clients our unique perspective, which combines extensive legal experience with practical in-house compliance experience.”

SKRC also offers to its clients an online subscription service that gives investment advisers access to the critical documents—formatted in user-friendly fashion and enhanced with helpful tips—required to complete registration forms and meet ongoing compliance requirements.

“Through the integrated offerings of SKRC, Seward & Kissel becomes a one-stop shop for investment managers in dealing with compliance issues,” said David Tang, counsel in Seward & Kissel’s Investment Management Group, and a former Chief Compliance Officer, who is heavily involved in SKRC. “Given our history in the investment management field, we believe we are in an excellent position to assist funds and asset managers with this groundbreaking pproach to regulatory compliance.”

GuideStone Funds Launches Strategic Alternatives Fund

GuideStone Funds, one of the largest Christian-screened mutual fund family, launched a strategic alternatives fund for financial advisors and their clients.

The GuideStone Strategic Alternatives Fund seeks absolute returns with both lower volatility than traditional equity and fixed-income markets.

The fund also ffers a low correlation to those other asset classes and  the opportunity to provide attractive risk-adjusted returns, enhanced diversification and abroader investment universe.

The fund combines four principal strategies: long/short and event-driven equity, options selling, currency trading and short duration high yield, all  less dependent on traditional market factors. The fund is constructed so that each of the four individual strategies provides independent benefits, but together they help mitigate the effects of market volatility accompanied by the desire for increased long-term capital appreciation.

USCF Launches The United States 3X Oil Fund and The United States 3X Short Oil Fund

USCF launched the United States 3X Oil Fund (USOU) and the United States 3X Short Oil Fund (USOD).  

Both funds are exchange-traded products that issue shares that may be purchased and sold on the NYSE Arca.  USOU seeks a return that is 300% of the return of the West Texas Intermediate (WTI) light, sweet crude oil futures contract and USOD seeks a return that is -300% of the return of the WTI light, sweet crude oil futures contract.

USOU and USOD expand the suite of oil-based products offered by USCF.  The new 3X long and 3X short oil funds offer traders and professionals with strong convictions the opportunity to take more concentrated positions in crude oil.

Xignite Announces Channel Partner Program

Xignite, Inc announced the Xignite Channel Partner Program, which provides partners with unique and integrated cloud-based market data solutions that empower clients undergoing digital and cloud transformation.

Xignite also announced the program’s first three channel partners: Nasdaq, ChartIQ and

Xignite is partnering with market data providers, technology firms, independent software vendors and professional service providers that offer complementary products and solutions, offering those channel partners a wide range of benefits, including marketing, sales readiness, training and technical support to ensure mutual success.

FolioDynamix Model Exchange Provides Open Hub for Investment Managers and Program Sponsors

FolioDynamix announced a bridge for the communication gap between investment managers, overlay portfolio managers and model program sponsors.

Its Model Exchange is designed for both large enterprise firms and smaller RIAs seeking access to a large list of institutional quality managers, at no fee to program sponsors. The Model Exchange can also be configured to include access to FolioDynamix’s market-leading research.

FolioDynamix handles all rotational issues, fees and manager reporting and continues to expand the number of managers currently connected to the Model Exchange along with a growing the number of users.

— Read last week’s portfolio product roundup here: ReIndexIQ Lowers Fees for 3 Currency-Hedged ETFs: Portfolio Products


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