Opalesque Industry Update – Auspice Capital Advisors Ltd. (Auspice), a leading alternative investment manager has recently entered into partnerships with two leading North American fund providers, which have both licensed the Auspice eBetaTM Enhanced Indices to use in new mandates. |
• Auspice has entered into a partnership with Direxion Funds of New York to license the Auspice Broad Commodity ER Index and Auspice Managed Futures ER Index for distribution to U.S. investors in a mutual fund format. The two U.S. based mutual funds will seek to replicate the performance of the Auspice Broad Commodity ER Index and Auspice Managed Futures ER Index. The mutual funds both launched February 1st with the following tickers: DXCTX:US and DXMAX:US.
• Auspice has entered into a partnership with Horizons Exchange Traded Funds Inc. and its affiliates (Horizons ETFs) which is a global ETF organization headquartered in Toronto, Canada, and a member of the Mirae Asset Financial Group. Horizons ETFs has licensed the Auspice Managed Futures ER Index for distribution to Canadian investors in an ETF format. The Horizons Auspice Managed Futures Index ETF is expected to first trade on the TSX on or about April 3, 2012.
The two new partnerships are the second and third licensing agreements we have entered into for our indices," saidTim Pickering, CEO and Co-Founder of Auspice. "Not all commodity and managed futures indices are designed the same. Providers see our track record of performance and are recognizing the tremendous value our innovative index methodologies bring to commodity and managed futures investing."
The Auspice eBetaTM Enhanced Indices have been some of the top performing indices in the sector since their launch in 2010. The Auspice Managed Futures ER Index was +8.48% in 2011 while the Auspice Broad Commodity ER Index was +19.56% since inception (Oct 2010). Auspice eBetaTM Enhanced indices are calculated and published by NYSE. Bloomberg Tickers: AMFERI:IND, ABCERI:IND. The methodology documentation, data, and fact sheets are available at www.auspicecapital.com
With partner Ken Corner, Tim Pickering has built Auspice Capital Advisors as a next generation CTA, offering strategies in active managed futures (Diversified and Energy), passive ETFs, enhanced indices and custom commodity strategies. Auspice was selected as one of Alberta's 50 fastest growing companies by Alberta VentureMagazine and KPMG for both 2010 and 2011. Auspice is also the winner of the 2011 Silver medal from Morningstar in the category of "Best Opportunistic Hedge Fund" in Canada. Additionally, Auspice is funding a multi-strategy, multi-time period quantitative approach to investing in the global energy futures markets in collaboration with Pulse Capital of New York.