System And Method Of Investing Funds
3 Assignments
0 Petitions
Accused Products
Abstract
In one aspect, the invention provides a data communications network including communication devices enabling communication between a user and a funds investment system, a method of investing funds with asset manager programs by distributing total funds available for investment to a plurality of asset manager programs said distribution effected by performing the method step of performing a plurality of intermediate allocations, each intermediate allocation according with predefined rules supplied to the system by the user over the communications network and repeating the step of performing intermediate allocations until all available funds are allocated with asset manager programs.
22 Citations
68 Claims
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1-14. -14. (canceled)
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15. A funds investment system for managing funds that have been allocated to a plurality of asset manager programs through a plurality of intermediate allocations, the most subordinate allocations representing the allocation of funds to an asset manager program with all superior intermediate allocations effected external to any asset manager program, with each intermediate allocation of funds according to a predefined rule, the system including:
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a receiving means for receiving data relating to the value of funds held by the plurality of asset manager programs;
a calculating means for determining the value of intermediate allocations that would have led to the distribution of funds to individual asset manager programs according to the value data received;
a comparison means for comparing the determined intermediate allocations with the predefined rules for same; and
the calculating means determining a new allocation of funds to asset managers in accordance with the predefined rules for intermediate allocations in the event that a variance greater than a predetermined amount exists between the determined intermediate allocation and the predefined rules for same. - View Dependent Claims (16, 17, 18, 66)
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19-21. -21. (canceled)
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22. A computer program embodied on a computer readable medium for managing funds that have been allocated to a plurality of asset manager programs through a network of intermediate allocations, the most subordinate allocations representing the allocation of funds to an asset manager program with all superior intermediate allocations effected external to any asset manager program, and where each intermediate allocation accords with a pre-defined rule wherein said computer program includes computer instruction code for executing tasks including:
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code for receiving data relating to the value of funds held by the plurality of asset manager programs;
code for determining the intermediate allocations that would have led to the distribution of funds to individual asset manager programs according to the value data received;
code for comparing the determined intermediate allocations with the pre-defined rules for same and determining whether a variance greater than a predetermined amount exists between the determined intermediate allocation and the pre-defined rules for same; and
code for calculating a new allocation of funds to asset managers in accordance with the predefined rules for intermediate allocations. - View Dependent Claims (23, 24, 25)
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- 26. In a data communications network including communication devices enabling communication between a user and a funds investment system, a method of investing funds with asset manager programs by distributing total funds available for investment to a plurality of asset manager programs said distribution effected by performing the method step of performing a plurality of intermediate allocations through a network of allocations, the most subordinate allocations representing the allocation of funds to an asset manager program with all superior intermediate allocations effected external to any asset manager program, each intermediate allocation according with predefined rules supplied to the system by the user over the communications network and repeating the step of performing intermediate allocations until all available funds are allocated with asset manager programs.
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30. In a data communications network including communication devices enabling communication between a user and a funds investment system, a method of investing funds with asset manager programs by distributing total funds available for investment to a plurality of asset manager programs through a network of allocations, the most subordinate allocations representing the allocation of funds to an asset manager program with all superior intermediate allocations effected external to any asset manager program, said distribution effected by performing the method step of performing a plurality of intermediate allocations each intermediate allocation according with predefined rules supplied to the system by the user over the communications network and repeating the step of performing intermediate allocations until all available funds are allocated with asset manager programs:
wherein the method includes the step of receiving from asset managers, to whom funds have been allocated, a valuation of the invested funds in each of the asset manager programs and determining a value at each superior intermediate allocation, the value being determined from valuations at subordinate allocations. - View Dependent Claims (32, 33, 34, 35, 36, 37, 38, 39)
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31. (canceled)
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40. In a data communications network including communication devices enabling communication between a user and a funds investment system, a method of managing invested funds that have been allocated to a plurality of asset manager programs through a network of intermediate allocations, the most subordinate allocations representing the allocation of funds to an asset manager program with all superior intermediate allocations effected external to any asset manager program, with each intermediate allocation according with a predefined rule communicated to the system by the user, the funds investment system performing the method steps of:
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obtaining data relating to the value of funds allocated to the plurality of asset manager programs;
calculating the intermediate allocations that would have led to the distribution of funds to individual asset manager programs according to the value data obtained;
comparing the calculated intermediate allocations with the pre-defined rules for same; and
in the event that a predefined variance between the calculated intermediate allocation and the predefined rule for same is exceeded, calculating a new allocation of funds to asset managers in accordance with the pre-defined rules for intermediate allocations. - View Dependent Claims (41, 42, 43, 68)
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44-65. -65. (canceled)
Specification