RESOLVE EVOLUTION FUND
“It’s not the strongest of species that thrives, nor the most intelligent. It is the one that is most adaptable to change.”
EVOLUTION MULTI-STRATEGY FUTURES PROGRAM
MANDATE HIGHLIGHTS
Program Access
Available through Managed Account or the ReSolve Evolution Fund for Canadian accredited investors only.
Fund Objective
The objective of the Fund is to generate consistent capital appreciation by employing a diversified ensemble of systematic alpha strategies traded across a broad range of liquid exchange-traded securities including futures contracts, exchange traded products, currencies, swaps, stocks, bonds and other derivatives.
Investment Universe
Primarily Futures Contracts
Style
100% Systematic.
Strategy Description
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 since inception2
■ Bespoke Factors were implemented on October 1, 2020. For detailed information download report here or watch a deep dive podcast here.
Performance Statistics since inception2
Monthly Performance Returns since implementation of Bespoke Factors, October 1, 20203
Performance Statistics since implementation of Bespoke Factors, October 1, 2020³
PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY INTERESTS IS SUBSTANTIAL. Indicated returns of one year or more are annualized.
Bespoke Factors
- ReSolve’s mission is to remain at the edge of alpha generation via constant research and innovation.
- After 2 years of deep research within the field of information sciences and a re-imagining of the experimental design, on October 1, 2020 ReSolve deployed what we considered to be a leap forward in signal generation.
- While the program objective remained the same, the alpha generation engine has a much improved expectation of success than the prior signal generation engine.
Evolution of ReSolve Research
Risk Allocation 4
Sector Performance
Top 5 Long Positions (Risk Weighted) 5
Top 5 Short Positions (Risk Weighted) 5
Top 5 Markets (Performance)
Bottom 5 Markets (Performance)
PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS.
1 Program assets include all monies invested in the ReSolve Evolution Program.
2 The returns calculated refer to the Class A fund series and are net of 2% management fee and 20% incentive fee as well as all trading and administrative expenses assuming an investor began investing in ReSolve Evolution Fund on Dec. 1st, 2018. Returns presented relate to performance from when ReSolve considers the Evolution Program’s Alpha Families to have been fully deployed and is congruent with the date when access to the fund was officially made available to outside investors. However, prior to full strategy implementation, foreign exchange hedging and operational processes were set in place, and the fund was seeded with proprietary money on October 1st, 2018. For this reason the returns for October and November of 2018 of -9.53% and -2.70% respectively are considered by ReSolve to be outlier months for the Evolution Program and hence were excluded from the table above.
3 The returns calculated refer to the Class A fund series and are net of 2% management fee and 20% incentive fee as well as all trading and administrative expenses assuming an investor began investing in ReSolve Evolution Fund on October 1, 2020, the date Bespoke factors were implemented. Fees are calculated for a representative investor since October 1, 2020.
4 Risk allocations 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.
5 Top long and short risk weighted positions are as of month end.
Fund Facts
Confidential and proprietary information.
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 non-resident Registered Investment Adviser with the SEC. ReSolve is also registered with the Commodity Futures Trading Commission as a Commodity Trading Advisor. 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) (“ReSolve Global”). ReSolve Global is 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”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority. ReSolve Global is the investment advisor for the Evolution Program. ReSolve Global has claimed an exemption under CFTC Rule 4.7 which exempts ReSolve Global from certain part 4 requirements with respect to offerings to qualified eligible persons in the U.S.
PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS.
This document is intended exclusively for accredited investors (as defined in National Instrument 45-106 – Prospectus Exemptions) and is being delivered to prospective investors on a confidential basis so that they may consider an investment in the ReSolve Evolution Fund. This document does not purport 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 Offering Memorandum (OM) and rely on their own independent investigation of the fund. In the event that any of the terms of this presentation are inconsistent with or contrary to the fund’s OM, the OM 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 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.
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 not authorized.
This document is intended exclusively for Canadian resident accredited investors as defined in National Instrument 45-106 – Prospectus Exemptions.
If you qualify as an accredited investor as defined in National Instrument 45-106 – Prospectus Exemptions, please press the “I Agree” button below in order to proceed to the document, otherwise press outside the text box to close it.
You must not pass on any information contained in the document to third parties unless such disclosure is permitted by applicable local law and regulation.
This document is intended exclusively for Canadian resident accredited investors as defined in National Instrument 45-106 – Prospectus Exemptions.
If you qualify as an accredited investor as defined in National Instrument 45-106 – Prospectus Exemptions, please press the “I Agree” button below in order to proceed to the document, otherwise press outside the text box to close it.
You must not pass on any information contained in the document to third parties unless such disclosure is permitted by applicable local law and regulation.
The information provided or this website is for informational purposes only. By clicking “I Accept and Acknowledge” you represent that you are Canadian resident and warrant that you meet the requirements of an “accredited investor” within the meaning of National Instrument 45-106 entitled “Prospectus Exemptions”, and in Ontario, Section 73.3 of the Securities Act (Ontario), by virtue of satisfying “accredited investor” criterion. Visitors to this website assume all responsibility and risk for the use of this website. If you detect any omissions, misstatements or errors, please contact us immediately. All information appearing on this website may be revised or withdrawn, in whole or in part, at anytime without notice and shall not in any event form or constitute part of an offer or terms and conditions of a contract. By using this website, you agree to be bound by any such revisions. The information provided on this website does not constitute an offer to sell or a solicitation of an offer to purchase any securities or investment products, and may not be copied, shown, transmitted or otherwise given to any other person without ReSolve Asset Management Inc.’s (ReSolve) prior written consent. A complete description of the principal risk factors, fees and expenses applicable to an investment in a fund or account managed by ReSolve is provided in the relevant offering documents. Past performance is not necessarily indicative of future results. Futures trading is speculative and involves substantial risk of loss.
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