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Opalesque Industry Update - AlphaCentric, announced today it has launched the AlphaCentric Hedged Market Opportunity Fund (HMXIX). The mutual fund, which is a converted hedge fund, utilizes the same option strategy as its predecessor, which was once available only to accredited investors. HMXIX provides an options-rooted strategy, making long and short investments in call and put options on instruments that reflect the S&P 500 and its volatility. Using an algorithm developed via artificial intelligence programs to analyze market data, the Fund employs a systematic, rules-based options strategy that includes premium collection, volatility trading and trend following. The investment strategy seeks to mitigate risk by staggering position maturity dates and utilizing exchange-traded options guaranteed for settlement. “The AlphaCentric Hedged Market Opportunity Fund gives investors access to a proven equities-based options strategy with low volatility and low market correlation,” said Jerry Szilagyi, CEO of AlphaCentric. “HMXIX's strong track record is a perfect complement to the AlphaCentric family, having generated a 12.32% annualized return since 2011.” HMXIX has delivered strong performance during periods of equity market decline over the past five years. The Fund has generated a 2.08 Sharpe Ratio, in comparison to 1.14 from the S&P 500 TR Index. |
Industry Updates
AlphaCentric converts hedge fund to AlphaCentric Hedged Market Opportunity Fund
Wednesday, December 21, 2016
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