Meritage Launches Maiden Alternative Mutual Fund

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.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR