I came across an interesting article authored by the folks at Altegris Advisors in the US – the full piece is available here. In it, they argue the case for investing in macro trading and trend following strategies now. While it seems like a distant memory, those investors who had exposure to these strategies will remember how valuable they were for clients in 2008. They provided very attractive, uncorrelated returns when virtually all other investments went south. For those with even better memories, these strategies delivered solid returns in prior decades as well. Unfortunately, since 2009 there has been little in the way of performance and many retail investors have been ‘shaken out’. They present a number of reasons for this state of affairs (largely central bank policies) and a number of interesting factors that auger well for a timely reversal of fortune. We have added 5% exposure to this strategy via the Exemplar Diversified Fund, sub advised by IMFC (click here for details), to our fund of funds and recommend similar levels for private client accounts.
Please feel free to call us if you would like further information.
Best wishes and we hope you are enjoying the summer.
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Minimum Investment When Relying On Accredited Investor Exemption (1)
There is no regulatory minimum purchase amount requirement for investments in a Fund made by investors who qualify under the Accredited Investor
Exemption. However, the minimum initial purchase amount established by the Manager for "accredited investors" is $25,000 (or such lesser amount that
the Manager may accept from time to time).
The criteria for qualification as an "accredited investor" is defined in National Instrument 45-106 of the Canadian Securities Administrators and is
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(2) Minimum Amount Exemption (not available to individuals)
The minimum amount for an initial investment in a Fund made by an investor purchasing under the Minimum Amount Exemption is $150,000 in each
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