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Robert Henrich From the Opalesque team: Coastal Partners Global Macro (CPGM), which was launched in April, is managed by Robert Henrich, Managing Director of Bahamas-based Coastal Partners and partner Richard Russian, who produced a five year track record. In the early 1980s, Russian was, reportedly, one of the largest commodity trading advisors in the world.
The fund consists of a diversified portfolio of non-correlated commodity, equity, cash and fixed income ETFs and ETNs.
Additionally, the manager may invest in derivative products (options), index funds, closed-end and open-end funds. The manager can sell short, use options and trade pairs to hedge the investment risk. Leverage will be used only to the extent that options are used and in some instances where the underlying investment uses leverage. Option trading is restricted to Level Two. "Naked positions” are never taken, therefore option exposure has limited, definable and manageable risk. The fees are 1-and-10 with high-water-mark and daily liquidity.
The fund is up 2.11% YTD (to end-July). In comparison, the Barclay CTA Index is down -0.95% YTD (Jan to July) and the HFRI Equity Hedge (Total) Index is up 0.45% (Jan to July). And the S&P 500 is down -0.11%.
Currently, the fund’s biggest allocations are in precious metals, fixed income, domestic equity, and currency. The smaller allocations are in cash, options, energy, metals and gold.
“Currently, we believe that there is a 50/50 chance of a major dec...................... To view our full article Click here
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