Mon, Oct 5, 2015
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. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Investing - U.S. biotech bloodbath hits hedge funds but some bargains emerge, Computer-driven hedge funds betting on further stock selloff[more]

    U.S. biotech bloodbath hits hedge funds but some bargains emerge From A seven-day selloff of U.S. biotechnology stocks has hit sector investors - especially hedge funds - hard. But some managers say it was overdone and are already eyeing bargains such as Gilead Sciences Inc

  5. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid