November came with a bang. The election, a Twitter takeover, Putin doubling down in Ukraine, and China’s covid problems created plenty of volatility. Equities and bond prices continued their correlation as the market priced in some sort of easing from the Fed, and the USD followed suit. Commodities were a mixed bag, with metals finally posting a decent month and energy down. Volatility declined most of the month, providing a difficult time for long-vol traders. The best opportunities suited the perma- bulls in equities, fixed income, and opportunistic commodity traders.
| Name | Ticker | Month to Date | Year to Date | Assets Under Management |
|---|---|---|---|---|
| Hedged Equity | ||||
| Catalyst Buffered Shield Fund I | SHIIX | 3.76% | -15.93% | $44,394,011 |
| Rational Equity Armor Fund Instl | HDCTX | 0.57% | -6.43% | $70,499,602 |
| EAVOL NASDAQ-100 Volatil Overlay Risk A | CLPAX | 3.11% | -24.49% | $13,355,235 |
| Equities + Managed Futures | ||||
| Catalyst/Millburn Hedge Strategy I | MBXIX | -5.43% | 5.94% | $5,501,545,223 |
| Standpoint Multi-Asset Institutional | BLNDX | -0.44% | 5.62% | $547,074,963 |
| Active Fixed Income | ||||
| Catalyst Multi-Strategy I | ACXIX | 2.11% | -2.02% | $5,625,845 |
| All Weather / Multi-Strat | ||||
| Rational/ReSolve Adaptive Asset Allc I | RDMIX | -3.00% | -1.67% | $180,679,733 |
| Astor Macro Alternative I | GBLMX | -3.05% | -5.18% | $29,159,244 |
| Catalyst/Millburn Dynamic Cmdty Stgy I | DCXIX | 4.12% | 23.10% | $19,635,374 |
| Options | ||||
| Catalyst/Warrington Strategic Program A | CWXAX | -0.23% | 5.04% | $155,251,965 |
| AlphaCentric Premium Opportunity A | HMXAX | 2.50% | -8.25% | $114,422,556 |
| Rational Tactical Return Instl | HRSTX | 0.12% | -0.64% | $229,461,527 |
| Commodities | ||||
| SilverPepper Cmdty Strats Glb Macro Inst | SPCIX | 4.38% | 9.03% | $190,057,107 |
| Direxion Auspice Broad Commodity Strategy | COM (ETF) | 0.34% | 7.95% | $280,736,717 |
| SDCI USCF SummerHaven Dynamic Commodity | SDCI (ETF) | 4.15% | 29.48% | $10,337,818 |
| Managed Futures | ||||
| AXS Chesapeake Strategy I | EQCHX | -6.25% | 18.17% | $58,303,144 |