Formed in 2015, Olden Lane Advisors LLC (“Olden Lane”) is a unique financial services firm dedicated to the sponsorship of innovative investment solutions in fund format. We are unique for the independence of our perspective. We do not devise strategies and seek to push them on the market. Instead, we identify gaps in different segments of the market and seek to fill them with elegant, passive investment solutions. We generally design investments in the form of mutual funds, unit investment trusts and private funds.
Our primary focus, at this time, is our unit investment trust platform. Today, Olden Lane Trust includes our Target Outcome Funds and our CMS Taxable Municipal Trust funds.
Olden Lane has assembled a team with decades of experience in alternative investments, liquid alternatives, product structuring and distribution – experience which is central to our ability to innovate for our clients.
This website is neither an offer to sell nor a solicitation of an offer to buy any security, which can be made only by a prospectus, as supplemented. Any material on this website must be preceded or accompanied by a prospectus, as supplemented, in order to understand fully all of the implications and risks of the offering to which it relates. No regulatory agency has passed on or endorsed the merits of any product of offering that may be discussed herein. Any representation to the contrary is unlawful.
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Here is a closer look at the Olden Lane corporate structure and a brief description of the roles played by each of our companies.
— Registered as Commodity Pool Operator and Commodity Trading Adviser with the CFTC
— Responsible for portfolio supervision and asset evaluation of our unit investment trust platform
Olden Lane is grounded in a culture of high performance, operational excellence, and close partnership. We seek to provide a premium service to our clients. Transparency and clarity are the foundation of our work and the catalysts of our competitive edge in an underserved market.
one size does not fit all
Olden Lane believes that in investing "one size does not fit all." We work diligently to match an expected investment outcome to the needs of a particular investor. We can structure solutions utilizing both registered investment companies and private trusts; include credit enhancement features; and deliver specific investment exposures or target desired investment outcomes.
What you see iswhat you get
Olden Lane believes that a well-structured investment must include a clear statement of risks. We understand that many of our structures have additional risks that must be considered before investment. To assist investors in understanding the risks inherent in an investment, Olden Lane is committed to a process of careful attention in construction and design and is highly focused on the presentation of risks in marketing and sales materials. We believe strongly that an investor should enter every investment decision with an accurate, clear and balanced articulation of how the product works.
Managing Director, Head of Client Solutions
Michel S. Serieyssol is Founding Partner for Olden Lane LLC. Michel leads the development of strategic partnerships with the firm’s institutional clients, registered investment advisors, and wealth management platforms. He oversees distribution of Olden Lane’s alternative investment products, and its relationships with banking and investment entities.
Michel has more than two decades of experience working closely with institutional clients, with particular depth in alternative investments, structured products, and customized solutions. Prior to founding Olden Lane, he worked for four years with Equinox in Princeton, serving as a Managing Director of Business Development. In this role, he directed extensive analysis of the UIT market and its potential applications within structured products. He also spearheaded the development and launch of a suite of UCITS funds featuring leading alternative investment management firms. Michel also served as a Managing Director for Société Générale in New York, where he provided structured investments and hedge fund indices to institutional clients. Previously, Michel was Managing Director and Head of the New York office for EIM Management, where he oversaw operations, client outreach, and compliance. Michel’s career also includes tenures at Morgan Stanley Capital International, Bear Stearns, and MATIF, where he developed in-depth insight into hedge fund index construction and marketing, as well as prime brokerage.
Michel earned his B.A. in International Economics with Honors from The American University of Paris. He holds Series 7, 63, and 24 licenses.
Fluent in French, Michel is a dual citizen of France and the United States.
Michael H. Kochmann is Founding Partner for Olden Lane LLC. Mike oversees the design and development of the firm’s Unit Investment Trust platform. He has extensive expertise in Unit Investment Trusts, having previously orchestrated their syndication, issuance, trading, legal review, and regulatory oversight. A strategic thinker, Mike originated many of the major innovations in the UIT market. He draws on more than three decades of insight and experience in UIT development.
Prior to founding Olden Lane, Mike was a Director at BlackRock, where he oversaw the establishment and maintenance of proprietary portfolios. He served as Managing Director and Head of Unit Investment Trusts for Citigroup/Citi Smith Barney for more than ten years. In this role, he led strategic planning, operations, sales, marketing, investment management, and risk management for the organization’s Unit Investment Trust Department. Mike also coordinated UIT distribution through a global broker/dealer network. He was responsible for the underwriting and SEC registration of all UITs in compliance with the 1940 ACT. Previously, Mike spent twenty years with Merrill Lynch, ultimately serving as Director and Head of Sales and Secondary Market. In this capacity he led the strategic planning, development, marketing, and sales of UITs throughout the global Merrill Lynch organization.
Mike attended the State University of New York at Plattsburg, where he was an Economics major.
Michael C. Macchiarola is Partner for Olden Lane LLC. He is a seasoned transactional attorney and financial product structurer with significant experience on both the buy-side and sell-side and in law and academia. Prior to joining Olden Lane, Mike was an attorney in the Financial Services Group at Cadwalader, Wickersham & Taft LLP, where he focused on derivatives, structured products, and public and private funds. Before rejoining Cadwalder, Mike was at the forefront of the liquid alternatives movement as Managing Director for Product Development at Equinox Financial Solutions. In this role, Mike was deeply involved in the design and structuring of several first-of-their-kind products, including the first managed futures mutual fund allocating to external commodity trading advisors and the first structured mutual fund importing the return of a bank-owned smart beta index.
Mike served as a Distinguished Lecturer at City University of New York with responsibilities at both the CUNY Law School and Queens College. Prior to his time as a professor, Mike served as Special Counsel at Cadwalader, representing broker-dealers, banks and large hedge funds and managing the registered shelf offerings of several large banks, while assisting clients in the design of innovative structured products for various distribution channels. Mike began his financial services career at Goldman Sachs & Co., where he was a Vice President in the Equity Finance Group, overseeing trades in equities, derivatives and synthetics.
Mike earned his J.D. from New York University School of Law, his M.B.A. from Columbia Business School, and his A.B. from The College of The Holy Cross. He has taught as an Adjunct Professor at Seton Hall Law School and St. Francis College, where he currently serves as a member of the Board of Trustees. Mike is a frequent contributor to industry panels and his writings have been published in numerous legal and business journals, including the Creighton Law Review, Cornell Journal of Law and Public Policy, University of Pennsylvania Law Review (online), University of Virginia Law and Business Review, and the Yale Journal on Regulation (online).
Mike holds Series 3, 4, 7, 24, 52, 53 and 63 licenses.
Daniel Prezioso is a Partner for Olden Lane LLC. He is a transactional attorney with significant experience and a focus on commodity pools, registered investment companies, structured products, over-the-counter derivatives and fund financing. Prior to joining Olden Lane, Dan was the Associate General Counsel at the Equinox Financial Group in Princeton, New Jersey, where he provided the primary legal coverage for the firm’s registered investment adviser and affiliated broker dealer and oversaw the legal and compliance needs of mutual funds and commodity pools with assets in excess of $1.7 billion.
Prior to joining Equinox, Dan was an associate in the world renowned Structured Products and Derivatives Group at Cadwalader, Wickersham & Taft LLP. At Cadwalader, he worked extensively with bank issuers of structured notes and drafted a wide variety of trading and financing related documentation.
Dan received his J.D. magna cum laude from Seton Hall Law School and his B.A. cum laude from the University of Maryland. He holds the Series 3 and 7 licenses.
Peter Marquardt has served as the Chief Compliance Officer of Olden Lane since its inception.
One of Olden Lane's early investors is The LeoGroup, LLC, where Peter is a Partner and the Chief Operating Officer. Peter brings over 30 years of broad based financial services experience managing many business aspects of both investment advisory and broker dealer firms. As CCO, Peter provides guidance to ensure proper operational and regulatory controls for the firm.
Prior to joining Olden Lane and The LeoGroup, Peter was the Chief Administrative and Compliance Officer for FCG Advisors, LLC and FCG Wealth Management, LLC. Prior to FCG, Peter enjoyed 25 years managing multiple business lines for firms including Goldman Sachs, Charles Schwab and Spear, Leads & Kellogg.
Peter received a B.A. from Lehigh University and a Masters Certificate in Management from Tulane University’s A.B. Freeman School of Business. He also holds the Certified Securities Compliance Professional (CSCP) designation from the National Society of Compliance Professionals and the Certified Anti-Money Laundering Specialist (CAMS) from the Association of Certified Anti-Money Laundering Specialists.
Peter holds Series 4, 7, 63, 24, 79 and 99 licenses.
Sam Rosenberg is a Managing Director and the Head of Client Solutions at Olden Lane LLC. He brings more than 20 years of expertise in structured products design and distribution.
Sam was previously Managing Director and Head of Equity Derivatives Sales & Financial Engineering for the Americas at Natixis, based in New York, from 2014 to 2017.
Prior to joining Natixis, Sam spent 20 years as a Managing Director in the Equity Derivatives group at SG Americas Securities, LLC (“SGAS”). Sam joined the Société Générale organization in 1994.
As the Head of Equity Derivatives Sales for the Americas, Sam supervised 37 employees and oversaw a range of products offered to SG’s investor base including principal protected notes, reverse convertibles, warrants, exchange traded funds, OTC options and swaps, and leveraged products linked to alternative investments.
Prior to his time in the U.S. market, Sam worked in Paris as a financial engineer, specializing in structured products. He has a D.E.A. from the University of Paris and a B.A. in Mathematics from the University of California at Santa-Cruz.
He holds Series 3, 7, 9, 10, 24, and 63 licenses.
Fluent in French, Sam is a dual citizen of France and the United States.
Our business responds to the growing demand for more liquid and regulated alternative investment products. Olden Lane is hard at work to provide solutions that benefit individual and institutional investors alike. Growth is being driven by investor demand for strategies and asset classes that can either diversify or hedge portfolios. Our current focus in our Olden Lane Trust, a unit investment trust platform that is further described below.
Unit investment trusts (“UITs”) are registered investment companies regulated under the Investment Company Act of 1940. UITs are distinguished from other registered investment companies like mutual funds, ETFs and closed-end funds, because they invest in a fixed portfolio of securities for a defined term.
A UIT’s portfolio is set on its inception date and the composition of the portfolio is specified in its governing and disclosure documents, and generally not subject to change. On a stated termination date, the assets in the trust either self-liquidate (as with maturing bonds), or are liquidated in the market so that final proceeds are returned to unitholders.
OUR TARGET OUTCOME FUNDS
Olden Lane’s Target Outcome Funds bring a new combination of capability and convenience to portfolio and risk management. This new family of innovative funds provides investors a broad set of alternatives to build more robust and resilient portfolios. Each Target Outcome Fund allows investors to participate in the return of a benchmark market index or other reference asset over a certain period of time and within specific risk constraints. These funds generally offer some measure of principal protection in exchange for a limit on participation in price appreciation. Some funds may also include features that leverage a particular return profile. In all cases, Target Outcome Funds are designed to provide an investor with the means to target an investment outcome aligned with his/her objectives and risk tolerance.
Target Outcome Funds are designed to reduce the risk and uncertainty inherent in the capital markets. The range of outcomes over a certain interval of time is defined when the fund is brought to market. The outcome orientation of these funds brings a new dimension to the rapidly growing market for index investing. In a Target Outcome Fund, the uncertainty of an unconstrained allocation is replaced by a confidence in a controlled allocation. Target Outcome Funds encourage investors to consider how both positive and negative markets might affect their portfolios, allowing for better planning and portfolio management.
OUR CMS TAXABLE MUNICIPAL TRUST FUNDS
Historically, unit investment trusts have been a popular method of investing in diversified portfolios of fixed income securities, as they may offer some critical advantages relative to other fund vehicles for fixed income investment.
A fixed income UIT offers diversified investment in fixed income, and is generally subject to the same pass-through tax regulations as mutual funds. UITs also provide a greater level of transparency with respect to portfolio holdings than other investment companies, with complete portfolio composition details set forth in financial statement disclosures, audited by an independent public accounting firm and included in the UIT’s prospectus.
UITs are a self-liquidating investment like the individual bonds they invest in. Units are typically offered with a par value per unit of $1,000, representing the principal amount of the underlying bonds per unit. As the bonds mature or get called, principal is returned to the unitholder. As bonds in the portfolio approach maturity, the interest rate risk of the units declines.
While UITs do not offer portfolio management, their portfolios are monitored and supervised on an ongoing basis and it is permissible for the UIT’s supervisor to liquidate a portfolio holding in response to material adverse credit or other negative factors. In such case, liquidation proceeds are not reinvested, but are typically distributed to investors on the next scheduled income distribution date.
Because fixed income UITs have static portfolios, their cash flow is predictable. They may pay income monthly, quarterly or semi-annually and estimated yield information is stated in the UITs prospectus. UITs offer daily redemption rights. UITs calculate a redemption price at the end of each business day, based on the market value of the underlying bonds. Unitholders may redeem units on any day NYSE is open for the then-current redemption price of the units.
PRINCETON, NJ – April 18, 2018 - Olden Lane Securities LLC, a financial services firm established in 2015 to create innovative alternative investment solutions in fund formats, announced that its Target Outcome Funds received an award for Structured Technology Innovation at the Structured Products Association and Prospect News Structured Investments Leading Edge Awards.
APRIL 18, 2018DOWNLOAD
NEW YORK, NY and PRINCETON, NJ – November 14, 2017 - Olden Lane Securities LLC and AXIO Financial announced that they have formed a distribution partnership. Olden Lane is an innovative financial services company that has pioneered the development of a new form of outcome-oriented Unit Investment Trusts (UITs). AXIO delivers institutional quality distribution to financial advisors, through advanced proprietary technology and an experienced in-house sales force.
NOVEMBER 14, 2017DOWNLOAD
PRINCETON, NJ and BOCA RATON, FL – March 31, 2017 - J.V.B. Financial Group, LLC (member of FINRA and SIPC, and an indirect majority owned subsidiary of Institutional Financial Markets, Inc. (NYSE MKT: IFMI) (“JVB Financial”) today announced that it has partnered with Olden Lane Securities LLC ("Olden Lane") to launch a new series of innovative unit investment trusts (UITs) called Target Outcome Funds.
Released MARCH 31, 2017Download
Olden Lane is proud to provide the following pieces to stimulate dialogue and discussion with colleagues in the investing community. Feedback is always welcomed and appreciated.
CU Capital Market Solutions is a credit union service organization (CUSO) and a registered investment advisor committed to the credit union movement. The firm provides a variety of a variety of analytical and investment services to credit unions nationwide. By focusing on credit unions, CMS has a thorough understanding of client’s needs, the risks they face and the regulatory structure under which they operate.
CU CMS has teamed up with Olden Lane to launch and distribute investment solutions tailored to the needs of credit unions.
200 Forrestal Road, Suite 3B
Princeton, NJ 08540
Phone (609) 436 9595