Patent ID: 8335734

Claim:
A method for administering an investment fund comprising an aggregation of a plurality of underlying financial assets, the method comprising the steps of: (a) issuing at least one class of shares for purchase and redemption from the fund at a net asset value, including at least one class of crossing shares having crossing share redemption restrictions; (b) issuing at least one class of non-crossing shares that do not have the crossing share redemption restrictions; (c) tracking, by a computer programmed to perform such tracking, crossing share redemption requests; and (d) processing for cash redemption, by a computer programmed to perform such processing, only as many crossing share redemption requests from one or more redeeming parties as are offset by processing a cumulative dollar amount of share purchase requests from one or more purchasing parties, the share purchase requests processed by: (i) retiring redeemed crossing shares corresponding to the crossing share redemption requests in exchange for providing to the one or more redeeming parties cash equal to the number of redeemed crossing shares multiplied by a net asset value of the redeemed crossing shares, and (ii) issuing shares corresponding to the share purchase requests to the one or more purchasing parties to offset the retired redeemed crossing shares.