Attain Launches Family of Alternative Funds (AttainFunds.com) by Attain Capital
We’re happy to announce a new website over at www.AttainFunds.com in conjunction with the launch of our new family of alternative investment funds. The new family of Attain Funds contains five single manager funds across five main alternative investment strategies: Trend Following, Short Term Trading, Relative Value, Agriculture, and Global Macro; while containing several “platform” features such as the ability to switch between funds and transparency through the daily reporting of positions.
We designed things so that registered investment advisors and their clients can see the investments on their statements through custodians such as Fidelity, Charles Schwab Corp (NYSE:SCHW), TD Ameritrade Holding Corp. (NYSE:AMTD), and more; while also making the funds available to individual investors through direct investment. Attain CEO Jeff Malec has this to say about the effort in a recent press release:
“The world of accessing privately offered alternative investment funds is pretty backwards. Most platforms have a supermarket-like selection of big brand name funds, but nobody in the store to help you browse the aisles. Attain wants to flip that on its head and offer a smaller selection of high quality, ‘right-sized’ programs we believe will have long term success; with focused education and research to help advisors avoid spending 90% of their time on a space that’s 10% of their assets.”
Who are the managers? Attain Portfolio Advisors, a registered Commodity Pool Operator and wholly owned subsidiary of Attain Capital Management is the manager of each of the funds, with separate commodity trading advisors performing the trading advisor role to direct the actual buys and sells for the fund’s account. The selection of the sub advisors was focused on small to midsize managers with a healthy dose of commodity exposure, based on our belief that the largest managed futures managers have underperformed of late based in part on their overexposure to financial markets. And focused on managers the team at Attain has watched for years, tracking the day by day trading for individual clients of the managers in what we call our ‘real-time due diligence’ process.
Finally – all of the funds are JOBS Act registered, in a move partly so we can “advertise” them, and partly so we could see what that experience will be like and report back to readers of the blog. The JOBS Act registration means their available to accredited investors only.
Click here to get monthly performance and research updates on the family of funds, and thanks to all those who have supported our efforts to launch this new side of Attain’s business.
“The Managed Futures Blog is a compilation of thoughts, research, attempts at humor, and more from the team at Attain Capital Management (“Attain”). Attain pairs high net worth individuals, RIA’s, and institutional investors with alternative investments in commodities, managed futures, and global macro strategies through privately offered funds and managed accounts. Click here to sign up for their insight and analysis.”