February gave back some of the optimism in January. The markets continued to pay attention to point/counter-point of economic data and the Fed as if it was a lame televised political debate. The sentiment indicates more rate hikes are coming. Stocks and bonds were down most of the month (VOL up mildly). Predictably, the dollar strengthened. Commodity markets seemed to track their respective fundamentals creating a mixed bag of performance. Hedged Equity strategies suffered because there wasn’t much vol to use as a buffer. Strategies using Trend Following seemed to fare better, especially those capable of using smaller markets.
| Name | Ticker | Month to Date | Year to Date | Assets Under Management |
|---|---|---|---|---|
| Hedged Equity | ||||
| Catalyst Buffered Shield Fund I | SHIIX | -2.00% | 0.85% | $40,613,300 |
| Rational Equity Armor Fund Instl | HDCTX | -1.60% | -3.45% | $62,932,867 |
| EAVOL NASDAQ-100 Volatil Overlay Risk A | CLPAX | 0.66% | 6.37% | $12,108,627 |
| Equities + Managed Futures | ||||
| Catalyst/Millburn Hedge Strategy I | MBXIX | 0.78% | 0.86% | $6,024,312,868 |
| Standpoint Multi-Asset Institutional | BLNDX | -0.60% | 1.83% | $563,892,390 |
| Active Fixed Income | ||||
| Catalyst Multi-Strategy I | ACXIX | -3.59% | 1.00% | $6,261,222 |
| All Weather / Multi-Strat | ||||
| Rational/ReSolve Adaptive Asset Allc I | RDMIX | -0.09% | -0.55% | $159,435,917 |
| Astor Macro Alternative I | GBLMX | 0.57% | -2.21% | $26,297,363 |
| Catalyst/Millburn Dynamic Cmdty Stgy I | DCXIX | -6.58% | -3.31% | $15,126,464 |
| Options | ||||
| Catalyst/Warrington Strategic Program A | CWXAX | 0.34% | 0.23% | $160,343,242 |
| AlphaCentric Premium Opportunity A | HMXAX | -1.25% | 2.42% | $90,162,097 |
| Rational Tactical Return Instl | HRSTX | 0.29% | 0.41% | $199,937,617 |
| Commodities | ||||
| SilverPepper Cmdty Strats Glb Macro Inst | SPCIX | -4.98% | -6.53% | $151,380,471 |
| Direxion Auspice Broad Commodity Strategy | COM (ETF) | -2.93% | 0.24% | $280,814,494 |
| SDCI USCF SummerHaven Dynamic Commodity | SDCI (ETF) | -4.16% | -5.24% | $7,795,061 |
| Managed Futures | ||||
| AXS Chesapeake Strategy I | EQCHX | 2.71% | -0.41% | $55,145,748 |