PhaseCapital, the new York-based quantitative investment firm backed by Jim Pallotta, has launched its first mutual fund offering, PhaseCapital Dynamic Multi-Asset Growth Fund (PHDIX).
The new 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 (pictured), 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 PhD in Computer Science and Operations Research with a focus on numerical optimisation, 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,” says DePalma.
