After several years exploring the concept with industry insiders and academics, ReFlow applied for and received a no-action letter from the staff of the U.S. Securities and Exchange Commission in 2002, permitting open-end funds registered under the Investment Company Act of 1940 to utilize the ReFlow Redemption Service as described in the no-action letter. On February 7, 2012, Mr. Getty was awarded (and assigned to ReFlow Services, LLC) U.S. Patent No. 8,112,331 B2, System and Method for Providing Liquidity.
ReFlow provides registered open-end funds with tools to enhance fund returns and improve shareholder tax outcomes. Our solutions offer everyday access to liquidity that participating funds can draw upon to meet redemptions and manage cash positions. Since inception, ReFlow has provided over $80 billion of capital to participating funds through the Redemption Service and equitized more than $5 billion of participating fund cash using NAVswaps. 170 funds from nearly 40 sponsors currently participate in the Redemption Service.
Use of ReFlow enables participating funds to pursue their investment strategies less hindered by day-to-day consideration of investor flows, freeing up managers to focus increased attention on fund alpha generation.
Provides just-in-time cash to meet net redemptions and facilitates use of in-kind redemptions by funds holding U.S. stocks or eligible non-U.S. stocks.
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Enables participating funds to equitize their uninvested cash to earn returns based on the fund’s own returns, with no basis risk.
Learn moreFor more information on ReFlow's Redemption Service, or to speak with a member of our team, contact us via the form below.
