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Alternative Market Briefing

SandPointe Asset Management reaches $150m in commitments, to close fund at $200m

Wednesday, August 02, 2017

Matthias Knab, Opalesque:

West Palm Beach based SandPointe Asset Management said that firm assets under management have grown to over $116 million USD, with additional commitments of $40 million in September. Investors, which include U.S. and global banks, mutual funds, and family offices, have invested in SandPointe's All-Seasons Strategy and its associated private investment fund, the SandPointe All-Seasons Fund.

"We are excited to have earned the confidence of our investors, and look forward to continuing our investment success," said Dennis Hammond, CEO/CIO in a statement obtained by Opalesque.

The investment objective of the All-Seasons Strategy is to produce uncorrelated, positive returns on an annual basis, while simultaneously providing investors with some degree of protection against major market corrections in their portfolios. To this end, the strategy's model employs SandPointe's proprietary Variable Exposure Technologies. The firm says that the underlying investment model driving the All-Seasons Strategy varies its exposure as it identifies opportunistic periods for three types of trades: Volatility Premium, Tail Risk Protection, and Risk-Off. The Strategy invests in three financial instruments: S&P 500 E-mini futures, VIX futures, and overnight cash. SandPointe expects the first soft close will occur at $200 million in AUM.

The company was set up in 2013 by Dennis Hammond. For the first half of this year, the SandPointe All-Seasons Fund is up 10.3%......................

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