At first, August looked like it would continue this bear market rally, but the trend kicked back in. Led by bonds dropping, the world started pricing in a stronger fed stance. Stocks turned over, and the dollar strengthened. Stock volatility (i.e., VIX) rose but in a more orderly way, making it challenging for some long volatility players. Hedged equities strategies demonstrated their value by easing the pain of equities by a fraction. Commodity markets mainly remained choppy (currencies and natural gas were the exceptions). So managed futures strategies with a long-term look at bonds, FX, and equities likely fared the best. The mixed results shown in the mutual funds make for a lackluster month. Year-to-date numbers tell a better story.
| Name | Ticker | Month to Date | Year to Date | Assets Under Management |
|---|---|---|---|---|
| Hedged Equity | ||||
| Catalyst Buffered Shield Fund I | SHIIX | -2.83% | -15.73% | $61,068,115 |
| Rational Equity Armor Fund Instl | HDCTX | -2.20% | -11.27% | $67,606,271 |
| EAVOL NASDAQ-100 Volatil Overlay Risk A | CLPAX | -3.27% | -23.31% | $14,165,916 |
| Equities + Managed Futures | ||||
| Catalyst/Millburn Hedge Strategy I | MBXIX | 1.82% | 3.56% | $4,392,561,531 |
| Standpoint Multi-Asset Institutional | BLNDX | -0.87% | 4.77% | $473,920,458 |
| Active Fixed Income | ||||
| Catalyst/Stone Beach Income Opp I | IOXIX | -4.23% | -4.76% | $15,749,160 |
| Catalyst Multi-Strategy I | ACXIX | -2.10% | 0.49% | $5,599,430 |
| All Weather / Multi-Strat | ||||
| Rational/ReSolve Adaptive Asset Allc I | RDMIX | -3.78% | 4.14% | $187,656,959 |
| Astor Macro Alternative I | GBLMX | -0.19% | -4.51% | $32,301,370 |
| Catalyst/Millburn Dynamic Cmdty Stgy I | DCXIX | -2.07% | 29.24% | $21,299,253 |
| Options | ||||
| Catalyst/Warrington Strategic Program A | CWXAX | 0.46% | 4.68% | $131,000,682 |
| AlphaCentric Premium Opportunity A | HMXAX | -1.67% | -9.37% | $136,584,619 |
| Rational Tactical Return Instl | HRSTX | 0.06% | -0.64% | $274,511,833 |
| Commodities | ||||
| SilverPepper Cmdty Strats Glb Macro Inst | SPCIX | 1.89% | 16.85% | $216,193,762 |
| Direxion Auspice Broad Commodity Strategy | COM (ETF) | 0.00% | 8.71% | $313,805,949 |
| SDCI USCF SummerHaven Dynamic Commodity | SDCI (ETF) | 1.42% | 28.45% | $9,4528,142 |
| Managed Futures | ||||
| AXS Chesapeake Strategy I | EQCHX | 2.74% | 20.41% | $56,137,658 |