In the wake of both the MFGlobal and PFGBest scandals, futures investors are frustrated, and we can’t blame them. In a perfect world, the industry would have stepped up to the plate by now to make these clients whole (see here and here and here and here– we’ve been calling for it), but without such action, individual players are doing what they can to try to help investors get access to the managed futures space at a lower cost. Take, for instance, the following press release from TYL Trading, a CTA we’ve been monitoring closely over the past several years:

TYL Trading, LLC, a managed futures firm focused on applying an adaptive trading model to diverse global markets, has announced a new business strategy to recover from the devastating effects of the MF Global bankruptcy. Beginning July 24, 2012, qualified investors may access TYL Trading’s Blend Diversified Program, which launched in August 2005, without incurring any incentive fees. The program’s management fee will remain at 1.5% per annum based on the account balance.

“Just as we believe that the most adaptive trading models are those most likely to survive and prosper, TYL has adopted a creative strategy to help investors hurt by the MF Global bankruptcy recover and also to provide a lower priced opportunity for unaffected qualified investors (high net worth individuals, family offices, funds of funds, institutions),” commented Conway P. Geoffroy, TYL’s principal and portfolio manager. He added, “We have decided to apply this investor opportunity to the next $25 million of aggregate commitments to our Blend Diversified Program.”

We won’t pretend that this is an entirely altruistic move- it’s a business decision- but it’s also an opportunity to access what is, in our opinion, a strong managed futures program for a fraction of the price. They ultimately sacrifice far more than they gain in a move like this, but they’re doing it for the same reasons that we’ve dedicated so much of our resources to fighting for the return of client funds and pushing through important reforms- it’s the right thing to do.

Don’t write us all off. We’re in your corner.