Wed, May 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Auspice Capital licenses commodity and managed futures indices for distribution in mutual fund format

Friday, March 30, 2012
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

(press release)

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.

BG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven