PRINCETON, N.J., April 18, 2018 (GLOBE NEWSWIRE) -- Olden Lane Securities LLC (“Olden Lane”), a financial services firm established in 2015 to create innovative alternative investment solutions in fund formats, announced that its Target Outcome Funds received an award for Structured Technology Innovation at the Structured Products Association and Prospect News Structured Investments Leading Edge Awards.
Launched in March 2017, Target Outcome Funds are a new category of Unit Investment Trust (UIT) developed by Olden Lane and designed to offer liquid, transparent and cost-effective SEC-registered funds for outcome-driven returns. Through combining US Treasuries and exchange-listed option contracts which reference ETFs tracking broad-based equity indexes, Target Outcome Funds can offer efficient exposure to equity-market benchmarks within certain risk parameters, such as protection against downside risk.
Michel Serieyssol, CEO of Olden Lane Securities LLC said, “We are honored to receive this recognition from Prospect News and the Structured Products Association for product innovation. Since our firm’s inception we’ve believed that UITs offer a compelling structure for outcome-driven investments in an asset owner and consultant friendly vehicle. Olden Lane has refined and improved the UIT architecture so that it can be used as an effective portfolio management tool.”
Samuel Rosenberg, Managing Director of Olden Lane Securities LLC said, “Target Outcome Funds offer a practical risk management tool in a friendly investment company wrapper. Since the beginning of the year we have seen volatility increase and we believe that giving investors the opportunity to reduce their exposure to market declines, even at the cost of some appreciation, is a prudent strategy for many portfolios.”
The Structured Investments Leading Edge Awards recognized 14 structured product deals from 2017 based on achievements including: new structures, innovation in index design and client needs met. The deals were selected based on conversations with bankers, advisers and other professionals in the industry, out of a universe of unregistered and registered deals, including more than 13,500 deals registered with the SEC in 2017. Additional information can be found at www.prospectnews.com.
Olden Lane is an innovative financial services firm established in 2015. Olden Lane’s team has decades of experience in alternative investments, liquid alternatives, product structuring and distribution. The firm is a pioneer in creating a new category of Unit Investment Trusts (UITs) that offer liquid, transparent and cost-effective SEC-registered funds for outcome-style returns. The firm also utilizes its product structuring and distribution expertise to offer outsourced business development and consultant relations for select European-based hedge funds. Additional information is available at www.oldenlane.com.
CONTACT:
Michel Serieyssol
Chief Executive Officer
Olden Lane Securities LLC
Tele: 609 436 9535
mserieyssol@oldenlane.com
MEDIA INQUIRIES:
Ed Rowley
ASC Advisors LLC
Tele: 203 992 1230
erowley@ascadvisors.com
Unit Investment Trusts (UITs) are sold only by prospectus. There is no assurance that a unit investment trust will achieve its investment objective. Before Investors make any investment, they should carefully read the prospectus for more complete information about securities being offered. Investors should understand characteristics, risks, and rewards of each UIT as well as those of the reference asset before making a decision to invest in the security. Investors should contact their own accounting, tax or legal advisors to review the suitability of any investment. This and other information about the UIT is contained in the prospectus and should be read carefully before investing. To obtain a prospectus, please contact your financial advisor or download one at the SEC's EDGAR filing system (sec.gov/edgar.htm) or www.oldenlane.com. Investing in Target Outcome Funds involves risk, including the possible loss of principal. There can be no guarantee that a Target Outcome Fund investment strategy will work as designed, and unitholders may suffer substantial losses. Further, the returns on an investment in units are not expected to track the returns of an investment in the underlying Exchange Traded Fund, because the returns of the units are based on the price performance of the Exchange Traded Fund and will not reflect any dividends paid on shares of the Exchange Traded Fund. The expected final distribution amount per unit will depend primarily upon the closing price of the underlying Exchange Traded Fund on the Fund’s expiration date and will be subject to reduction for fund expenses.