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Bailey McCann, Opalesque New York: Pennsylvania-based Context Asset Management is expanding its roster of liquid alternatives. Over the next 12-18 months, the firm plans to launch as many as three new products.
"We're looking for strategies that are institutional in quality, have an asymmetric return and fit well within the mutual fund wrapper," John Culbertson, President and Chief Investment Officer of Context Asset
Management tells Opalesque. "With those criteria, the group of managers we are looking at is pretty small, but we think it also gives us the opportunity to bring unique products to market."
Earlier this month the firm announced that its Context Macro Opportunities Fund, a single-manager, multi-strategy fund, which uses a relative value approach, reached $100 million. The Macro Opportunities Fund was the first fund launched by the firm and acted as proof-of-concept for its single-manager/multi-strategy approach. For the new products, Culbertson says they are considering similar areas including discretionary and systematic macro, with both fundamental and technical overlays. The new funds will also adopt the same structure - single-manager and multi-strategy, within a broader theme.
"With global growth slowing and unprecedented level of central bank intervention in financial
markets, we believe that systematic and discretionary global macro, volatility strategies and some forms of statistical arbitrage may have a much better chance of outperfo...................... To view our full article Click here
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