NEW YORK--(BUSINESS WIRE)--PhaseCapital announced today that it has launched its first mutual fund offering, PhaseCapital Dynamic Multi-Asset Growth Fund (PHDIX). The Fund follows the firm’s existing strategy, and primarily seeks to create long-term capital growth for advisors and their investors while at the same time providing protection for capital during periods of extreme market stress.
Combining advanced technology and innovative data analytics with proven financial market expertise, the PhaseCapital Dynamic Multi-Asset Growth Fund invests across global equity, commodities, government bond and corporate credit markets with its exposure to these asset classes achieved primarily through investments in financial futures, publicly-traded equity, and fixed income securities.
The Fund is managed by PhaseCapital Chief Executive Officer Michael DePalma and Chief Investment Officer Michael Ning. DePalma joined the firm in June 2016 after working at AB (formerly AllianceBernstein) for two decades where he was most recently Senior Vice President and Chief Investment Officer for Quantitative Investment Strategies, AB’s systematic multi-asset and alternatives business. Prior to this, he was head of the Fixed Income division’s quantitative research effort. Ning, who joined PhaseCapital in November 2016, is a 20 plus year industry veteran who received his Ph.D. in Computer Science and Operations Research with a focus on numerical optimization, artificial intelligence and neural networks from Oxford University. He was previously a portfolio manager of First Eagle’s Multi-Asset Absolute Return and Tail Hedge strategies and a portfolio manager and Director of Research for the Absolute Return Group at AB.
“One of my primary goals when I joined PhaseCapital nearly two years ago was to commercialize our offerings. I’m excited that we’re now able to make this mutual fund product, an offering that we believe can provide competitive results and is based on our strategy previously only available to institutional investors, available to advisors and their investors,” said DePalma.
Established in 2007, PhaseCapital has a culture grounded in research and innovation. The firm’s leadership team, which has worked together and shares common goals, manages global macro strategies and plans to add credit and tail risk hedging strategies this year.
About PhaseCapital LP
PhaseCapital LP is a boutique investment manager that integrates systematic macro insights, a deep understanding of asset markets and advanced quantitative methods to deliver robust and customizable investment solutions to investors. For more information about the firm, visit www.phasecapital.com.
Mutual fund investing involves risk, including possible loss of principal.
The Fund may engage in the investment strategies listed below, any of which could cause the Fund’s net asset value to be volatile and increase the risk of loss. The Fund may concentrate its investments in a small number of issuers; increasing the risk that one issuer could have a large adverse impact on the Fund’s return. It may borrow for investment purposes and engage in frequent trading, both of which will increase the Fund’s operating expenses.
The Fund may invest 100% of its net assets in high-yield bonds, subordinated and unsecured loans, foreign instruments, or derivatives. High yield bonds are rated below investment grade and involve greater risk of default. They also may be more volatile and less liquid than investment-grade securities. Subordinated and unsecured loans will be disproportionately affected by default and downgrade. Foreign investments may be adversely affected by currency fluctuations. Emerging markets entail greater risk from lower liquidity, lax regulation, and potential political instability. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets. The Fund may invest a relatively large percentage of its assets in securities denominated in non-U.S. currencies, the values of which may be affected by changes in the currency rates or exchange control regulations. Information technology companies may be smaller and less experienced companies, with limited product lines, markets or financial resources and fewer experienced management or marketing personnel. Information technology company stocks, especially those which are Internet related, have experienced extreme price and volume fluctuations that are often unrelated to their operating performance. The Fund is non-diversified which means it may be invested in a limited number of issuers and susceptible to any economic, political and regulatory events than a more diversified fund. Diversification may not protect against market risk. Derivatives may have a leveraging effect on the Fund and can be highly illiquid and difficult to unwind.
The Fund’s short positions may equal up to 100% of the Fund’s net asset value. Short sales theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase.
Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus and Summary Prospectus, which may be obtained by visiting https://www.phasecapitalfund.com/investor-materials. Read the prospectus and Summary Prospectus carefully before investing.
PhaseCapital LP serves as the investment adviser. The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with PhaseCapital LP or any of its affiliates.