Transactions

Transaction Counterparties

Lake Avenue’s transaction counterparties are comprised of institutional investors, including mutual funds, hedge funds and other asset management firms.

There are generally two types of counterparties  who are interested in monetizing their securities class action claims:

Asset Management Fund Liquidation

The first transaction type is funds in the process of liquidation.  In these transactions, monetizing future claim payments enables the fund to meet its fiduciary responsibility by acting in its investors’ best interests and properly compensating investors for their share of future securities class action settlement claim payments. This process also enables the fund to determine a final NAV for audit purposes and mitigates time/value uncertainties through immediate monetization of securities claims.

These counterparties include firms that are closing altogether or firms that are shutting down a particular investment vehicle in their fund family.

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Returning Capital to Outside Investors

The second type of counterparty that Lake Avenue transacts with is funds returning capital to outside investors, but continuing to manage money as a family office.  For these firms, monetization of future settlement claim payments enables the fund to provide specific start and end dates for eligible trading to be included in the bid process, and allows the fund to properly compensate investors for claims in securities that were traded while they were invested in the fund.