Context Asset Management Launches Multi-Manager, Multi-Strategy Alternative Mutual Fund

BALA CYNWYD, Pa., March 26, 2014 /PRNewswire/ -- Context Asset Management, an innovative provider of alternative mutual funds, is pleased to announce the launch of the Context Alternative Strategies Fund (CALTX). This new multi-manager, multi-strategy fund seeks to deliver capital appreciation by emphasizing absolute returns and low correlation to the broader U.S. equity and bond markets in order to help investors pursue their long-term goals and plan their financial futures.

The Context Alternative Strategies Fund pursues its objective by utilizing various investment strategies and allocating its assets among multiple subadvisors who employ a variety of investment strategies in pursuit of attractive returns consistent with capital appreciation. Context selects and oversees the subadvisors who each manage separate segments of the Fund's portfolio using distinct investment styles. The investment strategies allow Context and the subadvisors the flexibility to use leverage or short-sale positions to take advantage of perceived inefficiencies across the global capital markets in order to pursue their objectives.

"Diversified portfolios with low correlations between return drivers have tended to generate smoother, more efficient investment outcomes. Unfortunately, many traditional and so called alternative investments have not delivered on these measures," explained Andy Dudley, Senior Portfolio Manager. "Our investment approach seeks to identify alternative strategies that are less connected to traditional market risks and that potentially offer a more efficient and diversifying return profile."

The Context Alternative Strategies Fund will be managed by Andy Dudley and Jason Myers.

Mr. Dudley brings more than 23 years of industry experience in fixed Income investments, portfolio management and asset allocation to Context where he is responsible for investment policy, portfolio construction, risk management and manager selection for the firm's multi-manager offering. Prior to joining Context he was the Senior Investment Director in Global Asset Allocation at Putnam Investments. He also spent 12 years with the Taxable Bond Group at Fidelity Investments where he rose to Senior Portfolio Manager with responsibility for several multi-sector and institutional fixed income portfolios totaling over $30 billion.

Mr. Myers has spent the majority of his career developing a comprehensive knowledge of effective hedge fund strategy screening, selection, analysis and portfolio creation.  As Portfolio Manager, he is responsible for the Funds operations and investment activities including investment policy, portfolio construction, manager selection as well as serving on the investment committee. Prior to Context he was founder and Managing Director of ARIA, a registered RIA focusing on liquid alternatives. Jason also spent 8 years as Managing Director of Newport Capital Advisers, a Boston based consulting firm.

"Acting as a subadvisor has freed us from dealing with the infrastructure, distribution and regulatory oversight mandated for alternative mutual funds," said Nick Tell CEO and Portfolio Manager of Armory Funds. "Partnering with Context allows us to concentrate on what we do best, which is managing money and pursuing attractive returns for our clients."  

The subadvisors Mr. Dudley and Mr. Myers have selected for the Context Alternative Strategies Fund and their strategies are:

Highland Capital Management (Specialty Equity—Energy & Materials
Phineus Partners (Long-Short Equity—Global)
Kellner Capital (Merger Arbitrage—Global)
Weatherbie Capital (Long-Short Equity—Market Neutral)
ESM Management (Credit Opportunities—Structured Credit)
Armory Funds (Credit Opportunities—High Yield Distressed Debt)
First Principles Capital Management (Relative value—Fixed Income)
Del Mar (Volatility—Managed Futures)

"By adding our global long-short equity strategy to the Context Alternative Strategies Fund, we will be able to bring the experience we have enjoyed in the private market to a much broader audience," said Michael Grant, Portfolio Manager and Managing Partner, Phineus Partners. "Our alliance with Context has given us the turnkey solution to achieve this."

Context's believes alternative mutual funds are a valuable investment tool because they have the potential to produce efficient, risk-adjusted returns and they may help diversify portfolios. The common denominator in all Context funds is exceptional managers that use repeatable processes to pursue consistent performance. The firm is committed to providing superior, client-focused products and services, recognizing that an integral part of quality is consistency and a viable strength of returns.

About Context Asset Management
Context Asset Management is an innovative provider of alternative mutual funds for retail and institutional clients. Our multi-manager alternative mutual fund combines the low correlation of hedge fund strategies with the transparency and liquidity of traditional mutual funds. Context's alternative mutual funds can play an important role in helping investors seek the financial future they desire. To learn more, please visit www.contextam.com.

CONTACT:   
Chris Moon
Jennifer Connelly Public Relations
973-850-7304
[email protected]

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information can be found in the prospectus, which is available at www.contextam.com/fund. Please read the prospectus carefully before investing.

An investment in the Fund is subject to risk, including the possible loss of principal amount invested. Other risks are detail in the prospectus and include, but are not limited to, the following:

• Investments in futures contracts involve additional costs, may be more volatile than other investments and may involve a small initial investment relative to the risk assumed.
• The Fund may use derivatives (including futures, options and swap agreements) to enhance returns or hedge against market declines. The Fund's derivative investments have risks, including the possible default of the other party to the transaction; and the illiquidity of the derivative investments.
• Investing in exchange-traded funds (ETFs) subjects the Fund to substantially the same risks as those associated with the direct ownership of the securities or other property held by the ETFs.
• Foreign investments may be subject to the same risks as domestic investments and to additional risks which include international trade, currency fluctuation, and political, regulatory and diplomatic risks, which may affect their value. Foreign investments may also suffer from a lack of timely or reliable financial information.
• Emerging markets investments are subject to additional risks due to greater political and economic uncertainties as well as a relative lack of information about companies in such markets.
• The Fund is "non-diversified", investing in fewer securities at any one time than a diversified fund.
• Utilizing private placements involves significant risks along with the opportunity for substantial losses and lack of liquidity.
• Short selling involves unlimited risk including the possibility that losses to the Fund may exceed the original amount it invested.
• Investments in small and medium capitalization companies may be less liquid and their securities' prices may fluctuate more than those of larger, more established companies.
• Technology investing includes the risk of short product cycles and rapid obsolescence of products and services.
• Newly organized Funds have no or minimal trading history, and there can be no assurance that active trading markets will be developed or maintained.

Diversification does not assure a profit or protect against a loss in a declining market.

Context Alternative Strategies Fund is registered with the Securities and Exchange Commission pursuant to the Investment Company Act of 1940 and distributed by Foreside Fund Services, LLC ("Foreside"). Context Capital Advisers, LLC is the adviser to Context Alternative Strategies Fund and is not affiliated with Foreside.

SOURCE Context Asset Management