EVOLUTION MULTI-STRATEGY FUTURES PROGRAM
“It’s not the strongest of species that thrives, nor the most intelligent. It is the one that is most adaptable to change.”
|Program Assets||$71 Million USD¹|
|Incubation Period||October 19, 2017 - November 30, 2018|
|Robust Program Inception||12/1/2018|
Program Access: Available through Managed Account or the ReSolve Evolution Fund.
Program Objective: To generate consistent capital appreciation by employing a diversified ensemble of systematic alpha strategies at a lever of risk similar to long-term global equities (~20% annualized volatility).
Investment Universe: Primarily Futures Contracts
Style: 100% Systematic.
Markets are marginally inefficient in many small ways that can be profitably hunted, validated, and exploited through novel quantitative methods. These inefficiencies primarily arise from investors expressing non-wealth maximizing investment preferences; regulatory constraints and frictions; agency effects; institutional rigidity; commercial hedging; and the inertia of traditional investment heuristics.
The Evolution Program takes the other side of these wealth compromising trades by deploying a diversified ensemble of long/short systematic strategies derived from advanced statistical methods and machine learning tools.
Monthly Performance Returns 2
|Total Return (Inception)||-15.83%|
|Annual Standard Deviation||19.24%|
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Returns are calculated from the gross returns of the ReSolve Evolution Fund Cayman SPC net of 2% management fee and 20% incentive fee as well as all trading and administrative expenses assuming an investor began investing on October 19, 2017.
Risk Allocation 3
Top 5 Long Positions (Risk Weighted) 4
Top 5 Short Positions (Risk Weighted) 4
Top 5 Markets (Performance)
Bottom 5 Markets (Performance)
1 Program assets include all monies invested in the ReSolve Evolution Program.
2 Returns are calculated from the gross returns of the ReSolve Evolution Futures Program Composite net of 2% management fee and 20% incentive fee as Returns are calculated from the gross returns of the ReSolve Evolution Futures Program Composite net of 2% management fee and 20% incentive fee as well as all trading and administrative expenses assuming an investor began investing on October 19, 2017. Fees are calculated for a representative investor since inception.
3 Risk contributions are calculated by multiplying the percentage weights in each market by the daily standard deviation of respective markets over the past 20 days, and standardizing the results so that the absolute value sums to 1.
4 Top long and short risk weighted positions are as of month end.
|Redemption/Subscription Notice||5 Days|
|Portfolio Manager||Emerging Asset Management|
|Fund Sub-Advisor||ReSolve Asset Management SECZ (Cayman)|
|Fund Administrator||Apex Fund Services Ltd.|
|Legal||US Law: Morgan, Lewis & Bockius LLP |
Cayman Law: Walkers (Dubai) LLP
|Auditors||Deloitte Cayman (Offshore) Richey May & Co. (US Feeder)|
Confidential and proprietary information.
The contents hereof may not be reproduced or disseminated without the express written permission of ReSolve Asset Management Inc. (“ReSolve”).The contents hereof may not be reproduced or disseminated without the express written permission of ReSolve Asset Management Inc. (“ReSolve”).ReSolve is registered as an Investment Fund Manager in Ontario, Quebec and Newfoundland and Labrador, and as a Portfolio Manager and Exempt Market Dealer in Ontario, Alberta, British Columbia and Newfoundland and Labrador. ReSolve is also registered as a Commodity Trading Manager in Ontario and Derivatives Portfolio Manager in Quebec. Additionally, ReSolve is a Registered Investment Adviser with the SEC. ReSolve is also registered with the Commodity Futures Trading Commission as a Commodity Trading Advisor and a Commodity Pool Operator. This registration is administered through the National Futures Association (“NFA”). Certain of ReSolve’s employees are registered with the NFA as Principals and/or Associated Persons of ReSolve if necessary or appropriate to perform their responsibilities.
ReSolve has claimed an exemption under CFTC Rule 4.7 which exempts ReSolve from certain part 4 requirements with respect to offerings to qualified eligible persons in the U.S.
ReSolve Asset Management SEZC (Cayman) (“RAM”) is registered with the Commodity Futures Trading Commission in the U.S. as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association; Further, RAM is a registered person with the Cayman Islands Monetary Authority.
Any fund units will be issued under exemptions from the prospectus requirements of applicable securities laws and will be subject to certain resale restrictions. Neither Securities and Exchange Commission nor the National Futures Association or any other securities regulatory authority of any jurisdiction has passed upon the accuracy or adequacy of this presentation, and any representation to the contrary is unlawful.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
This presentation is intended exclusively for Qualified Eligible Persons and Qualified Purchasers only and is being delivered to prospective investors on a confidential basis. These materials do notpurport to be exhaustive or to contain all the information that a prospective investor may desire in investigating any investment opportunity. These materials are for preliminary discussion only and may not be relied upon for making any investment decision. Rather, prospective investors should review the funds’ Offering Memorandums (the “OMs”) or ReSolve’s account opening documents, asapplicable, and rely on their own independent investigation of the funds or the accounts. In the event that any of the terms of this presentation are inconsistent with or contrary to the OMs or accountopening documents, the OMs and account opening documents shall prevail.
Any fund units will be issued under exemptions from the prospectus requirements of applicable securities laws and will be subject to certain resale restrictions. Neither Securities and ExchangeCommission nor the National Futures Association or any other securities regulatory authority of any jurisdiction has passed upon the accuracy or adequacy of this presentation, and anyrepresentation to the contrary is unlawful.
This presentation does not constitute an offer to sell or a solicitation of interest to purchase any securities or investment advisory services in any jurisdiction in which such offer or solicitation is notauthorized.