Wednesday, 31 August 2016
Last updated 1 hour ago
Jan 9 2014 | 1:33pm ET
Meritage Capital, an Austin, Texas-based investment advisor with $1 billion in assets under management, has launched its first alternative mutual fund.
The Insignia Macro Fund targets long-term risk-adjusted returns by employing global macro-managed futures investment strategies. The firm said its offering differs from other liquid alternative macro vehicles because of its allocation to discretionary-focused managers.
While the fund will invest in both discretionary and systematic global macro managers, it will tend to overweight discretionary managers as "they generally invest based on fundamental research and specialized market knowledge, among other factors, including technical indicators or chart patterns. Managers who employ systematic strategies generally exploit trending behavior of futures markets over various time frames by utilizing quantitative systems."
Said Joe Wade, Meritage CIO, in a statement: "Investors in the Insignia Macro Fund will be able to access a flexible investment approach designed to capitalize on investment strategies that are generally uncorrelated to equity markets and which we believe tends to dampen portfolio volatility while reducing risk."
Founded in 2003, Meritage Capital is owned by three family offices and specializes in differentiated hedge fund solutions for a global client base including family offices, high net worth individuals, and institutions.