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Context Asset Management launches global equities fund

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Context Asset Management, a provider of alternative mutual funds for retail and institutional clients, has launched the Context Strategic Global Equities Fund (Institutional Shares: CGPGX).

The fund, which is sub-advised by Granite Peak Asset Management, , uses a consistent and repeatable systematic investment process and is designed to deliver exposure to global developed equity markets, while providing downside protection in severely declining markets.
The fund will primarily invest in developed equity index futures with a risk mitigation overlay and a modest value tilt. 
"Recent market shocks have shown how investing in unprotected risk premia can lead to extreme losses," says Daken Vanderburg (pictured), managing partner and chief investment officer of Granite Peak Asset Management. "Investors and financial advisers need a way to preserve their capital in severely declining markets while still capturing the benefits of a developed global equity portfolio, and this fund is designed to do just that. We appreciate the strong support of the Context team and their contributions to our growth and success."
John Culbertson, president and chief investment officer of Context Asset Management, says: "We believe liquid alternative funds should satisfy three simple criteria: provide returns that are differentiated from traditional risk assets, offer a positive asymmetric return profile, and capture an efficient risk-adjusted return. Daken and his team at Granite Peak fit exactly what we're looking for in a sub-adviser, and they are a strong addition to our network of alternative fund managers.
"At Context, we believe volatility and quantitative equity-focused strategies are best positioned to offer alpha opportunities in market environments with higher expected inflation and rising interest rate volatility. Given recent market shocks in the form of Brexit and the US election, we are seeing investors and financial advisors increasingly looking to diversify away from traditional risk assets by allocating to alternative sources of return in investment vehicles that offer daily liquidity."
Granite Peak Asset Management is responsible for the day-to-day management of the portfolio, and is subject to the general oversight of Context Advisers III, which serves as investment adviser.
Prior to founding Granite Peak, Vanderburg spent four years as a senior investment associate for Bridgewater Associates, an alternative asset management firm. Between 2008 and 2010, Vanderburg was the head of research and a portfolio manager at Chartwell Investment Partners, a registered investment adviser. Between 2000 and 2008, he was a partner and chief executive officer at Gamma Capital Partners, a quantitative hedge fund.

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