An alternative credit solutions company and the official Network Manager of the Participating Lender Network
The Hedge Fund Journal Publishes Article Co-authored by UFTCF CEO and Duff & Phelps

Chicago, Illinois [December  2011]  The December 2011 issue of The Hedge Fund Journal, a leading hedge fund and asset management industry magazine, features an article co-written by Joanne Marlowe, CEO of UFT Commercial Finance, LLC, and Wesley Tellie, a Director at Duff Phelps.  The article, titled “Hedge Fund Fission; Splitting the AUM: Separating Capital from Risk” unveils the strategic pairing of the Collateralized Variable Rate Demand Note (CVRDN) and the Fund Enhancement CPC™ to achieve the disaggregation of capital sourcing from investment risk. The combination of these two proprietary credit instruments, permits an investor in a participating hedge fund to gain investment exposure to the fund’s strategy without making an investment of cash in the fund.  Instead, the investor issues a specifically formatted letter of credit as a credit enhancement of the fund’s strategy.  The net effect is a reduction in opportunity cost and a higher rate of return on cash to the investor, while building an investment model that enables the hedge fund manager to retain a higher percentage of its own fund’s performance. 

“This article marks the first public forum in which we have introduced this unique structure to the marketplace,” comments Joanne Marlowe.  “We are excited to see it actively applied as 2012 opens.  It represents an extraordinary solution for many institutional investors and pension funds that can benefit from limiting or recouping their cash invested in alternative investment strategies and enabling them to keep cash in current income-producing investments.  Moreover, this vehicle can enhance investor portfolio yield while enabling the fund manager to capture and retain a higher percentage of participation in its own well-run investment strategy.  It truly is a “win-win” for both the fund manager and investor when applied in the right environment.”

UFT Commercial Finance is working side-by-side with the Operational Due Diligence team at Duff & Phelps to bring this product to qualified fund managers that are looking for critical differentiators when speaking with new and existing investors in what has been a challenging market.  The availability of the Fund Enhancement CPC in association with a solid investment strategy affords a qualified fund manager with the opportunity to offer a traditional “funded” investment option as well as an “unfunded” alternative to new investors.   It can also strengthen capital retention efforts when, in lieu of an investment redemption, the manager can offer an existing investor the opportunity to recharacterize a cash investment as letter of credit-based investment exposure.  In which case, the investor receives its cash back without losing exposure to the chosen strategy, and the fund manager continues its operations undisrupted at the same level of assets under management as if the recharacterization and “cash-out” had not occurred. What this strategy will mean for the hedge fund industry. 

“We expect the CVRDN-Fund Enhancement CPC product combination to produce extraordinary financial successes for UFTCF, create a new point of entry for investment dollars to quality fund managers, and illustrate a new and less capital-intensive way to gain alternative investment exposure for investors,” adds Marlowe.  “We feel this article is a resonate harbinger of change for at least a small segment of the hedge fund investment sector that has a willingness to explore a whole new vehicle to shepherd investment dollars into alternative investments.”            


Duff & Phelps is headquartered in New York, NY, with offices in North America, Europe, and Asia.  It is a leading global independent provider of financial advisory and investment banking services. 

UFT Commercial Finance is an alternative credit solutions company and the Network Manager of the Master Participating Lender Network. It is a privately held company with its headquarters in Chicago, Illinois.  Learn more about UFT Commercial Finance at 

The Hedge Fund Journal, headquartered and published in London, UK, is a print and electronic trade journal that has established itself as a respected source of information on the hedge fund industry.      


UFT Commercial Finance, LLC
2333 N. Waukegan Rd.
Bannockburn, IL 60015
(847) 260-3394  

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