ATLANTA, GA--(Marketwire - Jul 25, 2012) - Aspen Partners, Ltd., an alternative investment firm specializing in global futures markets, today announced that Aspen Managed Futures Strategy Fund (tickers: MFBTX and MFBPX) has reached $100 million in assets under management. Launched in August 2011, the Fund's quantitative strategy is designed to replicate the Aspen Managed Futures Beta Index, consisting of exchange-traded futures contracts spread across five different asset classes: agriculture, energy and metals, equities, currencies and fixed income.
"We are extremely pleased at the acceptance of the Aspen Managed Futures Strategy Fund by the investment community," noted William Ware Bush, Partner of Aspen Partners. He added, "Our mutual fund is being used primarily by thoughtful asset allocators seeking low cost managed futures diversification."
"Our fund offers investors direct access to managed futures through an index that seeks to capture the beta of both trend-following and counter-trend trading, an approach which we believe is unique in the industry. Since we do not utilize a multi-manager structure, our fees are among the lowest in the asset class -- an attribute that has allowed us to gain considerably traction among knowledgeable investors," added Ben Warwick, co-Chief Investment Officer of Aspen Partners. He added, "Our goal is to leverage our research team to continue being thought leaders in the managed futures alternative investment space."
Standard & Poor's serves as Index Calculation Agent. ALPS Fund Services, Inc. serves as Fund Administrator for the Aspen Managed Futures Strategy Fund.
About Aspen Partners
Aspen Partners, Ltd. is an alternative investment management firm that has been specializing in Managed Futures since 1996. Headquarted in Atlanta, the organization has an extensive research team and seasoned partners serving institutional consultants, family offices and investment advisory communities. Aspen Partners utilizes both active and passive managed futures strategies complemented by a highly focused investment process, thorough due diligence and risk controls. For additional information about Aspen Partners, visit www.aspenpartners.com and for the Aspen Managed Futures Strategy Fund visit www.aspenfuturesfund.com or call 1-855-845-9444.
An investor should consider investment objectives, risks, charges and expenses carefully before investing, including "Additional Risks" as described in the prospectus. To obtain a prospectus, which contains this and other information, call 1.855.845.9444 or visit www.aspenfuturesfund.com. Read the prospectus carefully before investing.
"Managed Futures" refers to investment strategies based on investing in futures contracts in meats, grains, agriculture, equity & bond indices, commodities and foreign currencies. A futures contract is a legally-binding standardized contractual agreement to buy or sell a particular assets, commodity or financial instrument at a pre-determined price and date in the future.
"Beta" is a term used to describe the performance of an investment that is common to a broad universe of managed futures markets. In other words, the investment's returns generally follow the overall market's returns.
"Trend-Following" is an investment strategy which attempts to profit from long, medium, and short-term movements in the general direction of a market. The strategy assumes that the present direction of the market will continue into the future.
"Counter-Trend" is an investment strategy which attempts to profit through a series of trades against the current general direction of the market. Counter-Trend trading assumes a current market trend will reverse in the future.
This Fund is not suitable for all investors. An investment in the Fund is subject to investment risks, including possible loss of the principal amount invested. Please see the Fund's Prospectus for additional risk disclosures.
The Fund's use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. In addition, investments in derivatives involve leverage, which means a small percentage of assets invested in derivatives can have a disproportionately large impact on the Fund and can magnify the Fund's potential for gain or loss.
An investment in managed futures involves a high degree of risk, is speculative and volatile. The Fund's prospectus contains a comprehensive discussion of some of the risks associated with an investment in the Fund and should be reviewed carefully before making an investment decision.
Although the Fund has the ability to invest in swaps and other structured instruments which involve risks such as security credit risk and structured note risk, it does not currently invest in such instruments and has no plans to do so. The Fund is exposed to foreign currency fluctuations, high volatility of foreign securities and derivatives, and variety of global economic factors affecting foreign currency values. In addition, because the fund is non-diversified and invests only in futures contracts, it is more susceptible to risks than a diversified portfolio. Other risks associated with an investment in the Fund are more fully described in the Fund's Prospectus.
An investor should not invest based on this or any other marketing material of the Fund and should make a decision whether to invest in the Fund only after carefully reading and understanding the Fund's Prospectus and Statement of Additional Information, which is available free of charge at www.aspenfuturesfund.com. Prospective investors are encouraged to consult with their own investment advisers or financial planners. You should carefully consider whether your financial condition permits you to accept the risks associated with an investment in the Fund.
The Fund is new and has limited operating history.
Investors should consider purchasing shares of the Fund only as part of an overall diversified portfolio.
Exposure to the commodities markets may subject the Fund to greater volatility. The Fund's performance is linked to the performance of highly volatile commodities. An investor must be willing to assume the risk of potentially significant fluctuation in net asset value of the Fund's shares.
The Aspen Managed Futures Strategy Fund is distributed by ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, CO 80203. ALPS Distributors, Inc. is not affiliated with Aspen Partners, Ltd.
The Aspen Managed Futures Beta Index (the "Index") is the exclusive property of Aspen Partners, Ltd. and Quantitative Equity Strategies, LLC which has contracted with Standard & Poor's Financial Services LLC ("S&P") to maintain and calculate the Index. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC. "Calculated by S&P Custom Indices" and its related stylized mark(s) are service marks of Standard & Poor's Financial Services LLC and have been licensed for use by Aspen Partners, Ltd. S&P and its affiliates shall have no liability for any errors or omissions in calculating the Index.
The Aspen Managed Futures Strategy Fund is not sponsored, endorsed, sold or promoted by Standard & Poor's Financial Services LLC ("S&P"), its affiliates or its third party licensors. Neither S&P, its affiliates nor their third party licensors make any representation or warranty, express or implied, to the owners of the Aspen Managed Futures Strategy Fund or any member of the public regarding the advisability of investing in securities generally or in the Aspen Managed Futures Strategy Fund particularly or the ability of the Aspen Managed Futures Beta Index (the "Index) to track general stock market performance. S&P's and its third party licensor's only relationship to Aspen Partners, Ltd. is the licensing of certain trademarks, service marks and trade names of S&P and/or its third party licensors and for the providing of calculation and maintenance services related to the Index. Neither S&P, its affiliates nor their third party licensors is responsible for and has not participated in the determination of the prices and amount of the Aspen Managed Futures Strategy Fund or the timing of the issuance or sale of the Aspen Managed Futures Strategy Fund or in the determination or calculation of the equation by which the Aspen Managed Futures Strategy Fund is to be converted into cash. S&P has no obligation or liability in connection with the administration, marketing or trading of the Aspen Managed Futures Strategy Fund.
NEITHER S&P, ITS AFFILIATES, NOR THEIR THIRD PARTY LICENSORS GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN OR ANY COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATIONS (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P, ITS AFFILIATES AND THEIR THIRD PARTY LICENSORS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. S&P MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO ITS TRADEMARKS, THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR THEIR THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.
Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC. "Calculated by S&P Custom Indices" and its related stylized mark are service marks of Standard & Poor's Financial Services LLC and have been licensed for use by Aspen Partners, Ltd.