AlphaMetrix To Begin An “Orderly Liquidation” Of Funds

AlphaMetrix Group LLC announced that it will begin an “orderly liquidation” of its sponsored funds, citing “recent redemption requests.” The company has been in trouble since at least earlier this month when it came out that it had been unable to reinvest approximately $600,000 in rebate fees because of cash-flow problems, reports Tom Polansek for Reuters. AlphaMetrix’s failure to reinvest the rebate fees Following AlphaMetrix’s failure to reinvest the rebate fees, industry-financed watchdog group The National Futures Association (NFA) found that AlphaMetrix had borrowed money in violation of regulations and ordered it to repay the $600,000. The NFA also reported…