Standpoint Asset Management has launched the Standpoint Multi-Asset Fund which the firm describes as ‘a liquid, low cost, and tax efficient investment to access uncorrelated returns’.The fund takes an all-weather approach to investments, with the goal of having consistent returns with low volatility.
Standpoint is led by founder Eric Crittenden, who has over 20 years of experience researching, designing, and managing alternative asset portfolios on behalf of families, individuals, financial advisors, and other institutional investors, and Chairman and veteran hedge fund manager Tom Basso.
As of 30 April, the Standpoint Multi-Asset fund returned a positive 2.30 per cent Year-To-Date (YTD), in comparison to the S&P 500, which returned -9.29 per cent YTD, and the fund’s primary benchmark (50 per cent MSCI World/50 per cent ICE BAML 3-month T-Bill), which returned -5.83 per cent YTD. The Standpoint Multi-Asset Fund also strives to reduce the amount of downside risk, which it has done so far this year with a max decline of -9.33 per cent in comparison to the S&P 500 which suffered a max decline of -33.79 per cent, and the fund’s primary benchmark which declined -17.03 per cent.
For the period since the fund’s inception on 12/30/19 to 3/31/20, the fund (BLNDX) returned -2.80 per cent. In comparison, the S&P 500 returned -19.36 per cent and the fund’s primary benchmark (50 per cent MSCI World/50 per cent ICE BAML 3-month T-Bill) returned -10.27 per cent.
