Context Asset Management Macro Fund Crests $100M in AUM

Aug 23 2016 | 5:57pm ET

Liquid alternatives provider Context Asset Management has disclosed that assets under management for its Context Macro Opportunities Fund have surpassed $100 million at its one-year anniversary. 

The fund, which launched on August 4, 2015, managed $101.2 million in assets as of August 8, 2016. It seeks total return with low to negative correlation to broad financial markets by using alternative investment strategies, the company said. Sub-advised by First Principles Capital Management, the fund takes a multi-strategy approach using relative value to seek non-directional market risks with asymmetric outcomes. It focuses predominantly on liquid fixed income markets. 

First Principles is an RIA with $8 billion in assets under management as of December 31, 2015, and is a wholly-owned subsidiary of AIG. The Context Macro Opportunities Fund provides retail and institutional investors access to the same approach as followed by First Principles private funds, the company said, which uses a combination of alternative strategies to pursue a positive asymmetric return profile. 

“This milestone highlights our ability to select a proven private fund manager in First Principles Capital Management and create a registered product with the investment objective to lower correlation to traditional risk assets and which seeks to generate asymmetric returns,” said John Culbertson, president and CIO of Context Asset Management, in a statement. “With this improved scale, we believe these successfully executed strategies may help protect against volatility in the equities and fixed income markets.”

Headquartered in Bala Cynwyd, PA, Context Asset Management is a division of Context Capital Partners, an alternatives specialist whose subsidiaries offer a diverse range of investment strategies, including hedge funds, liquid alternative mutual funds, and private equity funds. In addition to Context Asset Management, the firm’s business units include Context Jensen Partners, Context Summits, Context BH Capital Management, Context Liberty Bell, Titan Capital Management and Adams Business Credit. Since inception, Context has led hedge fund seed deals totaling more than $400 million.

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