Tue, Sep 2, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Context Asset Management launches with new mutual fund product

Tuesday, April 01, 2014

Bailey McCann, Opalesque New York:

Another new entrant to the liquid alternatives space - Context Asset Management has launched a new mutual fund Context Alternative Strategies Fund (CALTX), a multi-manager, multi-strategy fund. Context principals Steve Kneeley and John Culbertson have prior experience managing a fund and family office respectively. Context Asset Management is located in Pennsylvania, and aims to provide investors with access to higher quality managers than one might otherwise find in a liquid alternatives product.

"We think the quality of sub-advisors in a lot of these products isn't particularly high," Culbertson, Managing Director and Chief Investment Officer of Context, tells Opalesque. "We're created the first fund with managers that we think offer a higher level of quality. A startup fund probably isn't for us in terms of a sub-advisory relationship."

As with most multi-manager funds CALTX's aim is to provide a lower volatility, low correlation product. "We're looking at a variety of strategies, equity long/short with a long bias is one that really works well in this structure," Culbertson says. Later on the firm plans to use its pipeline of potential sub-advisors to look at funds with particular specialties.

"There are managers out there who often do one thing really well so we're looking to work with those managers and let them come in as sub-advisors focusing on what they do best," Culbertson adds.

......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius