Patent ID: 8335733

Claim:
A method, using a programmable computer, of managing assets in an investment vehicle, comprising the steps of: (a) issuing equity in the investment vehicle to at least one equity holder; (b) issuing debt to at least one debt holder using the investment vehicle as collateral, wherein the debt does not require any payments prior to the maturity date of the debt; (c) investing, using a programmable computer, at least a portion of the investment vehicle's assets in a static basket of equity interests in one or more investment funds, wherein each of the investment funds allocates its assets among one or more underlying investment funds; (d) passively managing the static basket of equity interests for the term of the investment vehicle; (e) calculating, using the computer, a net asset value of the investment vehicle, using net asset values of the one or more investment funds; (f) generating, using the computer, periodic or occasional reports, regarding the net asset value of the investment vehicle, such reports being hardcopy or electronic; and (g) providing access, using the computer, to the reports to individual investors and investment vehicle managers.