July marked a seemingly big change for Auspice as we announced a partnership with Walter Global Asset Management (WGAM). While a minority stake, it is a significant step in many regards. As previously stated in other communication, this is a strategic relationship that respects our brand, culture and entrepreneurship and is anticipated to accelerate our growth at a critical time of opportunity. This brings expanded global relationships and distribution channels for existing products along with continued innovation and new fund launches while allowing us to maintain our focus on portfolio research and investment technology.
It is essentially, business as usual with an expanded group of highly capable team-mates that have a vested stake in our continued success.
But what is "business as usual" during these abnormal times?
Few things are normal in 2020. The year started with a US drone strike that killed an Iranian General, intense military tension, the "accidental" downing of a civilian aircraft in Iran, an impeachment trial of a US President, and Brexit. That all seams a distant memory next to the global “COVID” pandemic that started in China and seemed so far off to North Americans and Europeans. And then lock-down hit…
Since March many of us have worked from home, couldn't travel abroad, and this caused many business and social services to shut down. The word "Zoom" took on a different meaning. Many of those business have not and may not ever re-open. Economically, it has been devastating to many albeit aided by unprecedented government stimulus and support. For many, it has been mentally challenging which will have implications and social consequences for years to come.
But for Auspice, we continue to do what we do. We are generally unfettered by the confines of a physical office and this current period proved it. Moreover, on top of completing a major transaction remotely, we have seen in-flows into our investment strategies as investors look for uncorrelated absolute returns.
So, while partnership brings some minor changes and the environment has brought unusual market dynamics, what we do has not changed.
We see the environment as an opportunity to provide our investors a non-correlated and hopefully protective return stream when it is most needed as we have done in the past.
We aren’t doing anything different - it is business as usual.
Disclaimer below
IMPORTANT DISCLAIMERS AND NOTES
Futures trading is speculative and is not suitable for all customers. Past results are not necessarily indicative of future results. This document is for information purposes only and should not be construed as an offer, recommendation or solicitation to conclude a transaction and should not be treated as giving investment advice. Auspice Capital Advisors Ltd. makes no representation or warranty relating to any information herein, which is derived from independent sources. No securities regulatory authority has expressed an opinion about the securities offered herein and it is an offence to claim otherwise.
QUALIFIED INVESTORS
For U.S. investors, any reference to the Auspice Diversified Strategy or Program, “ADP”, is only available to Qualified Eligible Persons “QEP’s” as defined by CFTC Regulation 4.7.
For Canadian investors, any reference to the Auspice Diversified Strategy or Program, “ADP”, is only available to “Accredited Investors” as defined by CSA NI 45-106.