Bringing you live news and features since 2006 

Context Asset Management John Culbertson

Context Macro Opportunities Fund passes USD100m in AUM

RELATED TOPICS​

The Context Macro Opportunities Fund has surpassed USD100 million in assets under management, a year after commencing operations on 4 August 2015.

The Context Macro Opportunities Fund seeks total return with low to negative correlation to broad financial markets by using alternative investment strategies. Total return consists of capital appreciation and income.
 
"This milestone highlights our ability to select a proven private fund manager in First Principles Capital Management and create a registered product with an investment objective to lower correlation to traditional risk assets and which seeks to generate asymmetric returns," says John Culbertson (pictured), president and chief investment officer of Context Asset Management. "With this improved scale, we believe these successfully executed strategies may continue to provide some ballast to a diversified portfolio and help protect against volatility in the equities and fixed income markets."
 
The fund is a single-manager, multi-strategy fund, which uses a relative value approach to seek non-directional market risks with asymmetric outcomes and predominantly uses liquid fixed income markets.
 
First Principles Capital Management (FPCM) serves as the fund's sub-adviser and is responsible for the day-to-day management of the portfolio, and is subject to the general oversight of Context Advisers II, which serves as investment adviser.
 
FPCM is a registered investment adviser with USD8 billion in assets under management as of 31 December 2015, and is a wholly-owned subsidiary of American International Group (AIG).
 
Mark G Alexandridis, chief investment officer of FPCM, says: "We are pleased to see the early adoption of the Context Macro Opportunities Fund, which provides retail and institutional investors access to the same disciplined approach as our private funds. Our approach uses a combination of alternative strategies to pursue a positive asymmetric return profile. To achieve this goal, we focus on three elements that generate return: current income from high-conviction, short duration exposures; tactical relative value exposures that seek incremental return; and structural positions that provide low or negative correlation to risk assets designed to generate asymmetric returns in sustained recessionary scenarios."
 
Over the next 12 to 18 months, Context Asset Management is looking to expand its liquid alternative mutual fund platform and create three new products sub-advised by different hedge fund managers.
 
Culbertson says: "In the current environment, we continue to favour alternative strategies with lower correlation to risk assets and offer potential for asymmetric returns. With global growth slowing and unprecedented level of central bank intervention in financial markets, we believe that systematic and discretionary global macro, volatility strategies and some forms of statistical arbitrage may have a much better chance of outperforming long short equity and event-driven strategies."

Latest News

Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..
First Trust has announced the launch of the First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February GFEB..
Trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms reveals that the Tradeweb European ETF marketplace reached..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by