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Alternative Market Briefing

Revisiting the Corona Fighters (2)

Tuesday, January 19, 2021

B. G., Opalesque Geneva:

We revisit some of the original Corona Fighters - hedge funds and alternative asset managers who successfully protected assets and outperformed the markets in early 2020 - and see how they did at the end of the year.

The Canadian multi-strategy fund

The Auspice Diversified Fund added 6.73% to cap 2020 performance up 18.46%. Notably, the fund not only outperformed most global equity benchmarks, it did with negative correlation, -0.41% to the S&P500 which was up 18.00% - illustrative of both the protective and absolute return benefits.

"We anticipate the 2021 environment could be ideal for both of these elements as stock markets and volatility remain high," said the managers. "The outperformance to the benchmark BTOP50 CTA index closed over 13%."

The fund, which is Canada-based Auspice's flagship, is a multi-strategy liquid alternative strategy that invests in a broad spectrum of global financial and commodity markets. Using a disciplined rules-based investment process, and drawing from the Auspice eBeta™ Building Blocks, the strategy aims to capture dominant trends long and short, agnostic to market direction and popular consensus. It featured in Corona Fighters Report 2.

The Australian long/short equity fund

The ......................

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