Welcome!

Machine Learning Authors: Dana Gardner, Peter Silva, Jyoti Bansal, Carmen Gonzalez, Jason Bloomberg

News Feed Item

361 Managed Futures Strategy Fund Finishes 2012 at the Top

#1 Ranking for Class I Shares in Both Morningstar & Lipper, While Class A Shares Ranked #2

DENVER, CO -- (Marketwire) -- 01/09/13 -- 361 Capital, a provider of alternative investment mutual funds to RIAs, institutions, financial intermediaries, and high-net-worth investors, reports that strong performance has propelled the firm's 361 Managed Futures Strategy Fund to the top of both its Morningstar and Lipper peer group categories.

The Fund, which employs a distinctive counter-trend methodology, gained 11.47% (Class I shares) for the one year period ended December 31, 2012. This performance handily out-performed the average return of funds in the Morningstar U.S. Managed Futures Category, which declined by 7.39%. This performance landed the 361 Managed Futures Strategy Fund, Class I shares, as the top performing fund in both its Morningstar category -- ranking 1 among 100 funds -- and in its Lipper category ranking 1 out of 47 funds -- for the one year period ended December 31, 2012.*

Recently passing the one year milestone, the 361 Managed Futures Strategy Fund was launched in December 2011 by 361 Capital as a way to offer its managed futures strategy in a fully transparent '40-Act mutual fund structure. The 361 Managed Futures Strategy Fund is a single strategy, single manager product that systematically invests only in equity futures and does not invest in commodities.

According to Brian Cunningham, 361 Capital's President and CIO, the Fund's counter-trend strategy is thriving in these uncertain markets. "The performance of this Fund emphasizes that counter-trend strategies work because they are counter-intuitive and do not require lengthy, sustained trends to produce returns," says Mr. Cunningham. "Since this Fund can be invested 100% long, short, or in cash, it was able to capture 72% of the S&P 500 return while being invested less than 30% of the time."

The 361 Managed Futures Strategy Fund, with assets under management of $127.5 million as of December 31, 2012, is available in two classes -- A Shares (AMFQX) and I Shares (AMFZX) -- covering retail and institutional audiences. The Fund is available through most mutual fund platforms and financial intermediaries.

"Without a clear trend, many managed futures funds have struggled in recent years causing advisers and investors frustration," said Tom Florence, CEO of 361 Capital. "The performance of this Fund once again reminds advisers how valuable an allocation to a counter-trend approach can be during times of uncertainty in the market, especially with its low correlation to other managed futures funds."

Founded in 2001, 361 Capital has a single focus of creating robust alternative investment products that meet the needs of its clients. In early 2012, the firm expanded its capabilities through a strategic partnership with Lighthouse Partners, a $6.5 billion hedge fund of funds.


----------------------------------------------------------------------------
                                                                  Since
                                             Ticker               Inception
Total Returns as of 12/31/2012               Symbol 4Q12   1 Year (12/20/11)
----------------------------------------------------------------------------
361 Managed Futures Strategy Fund Class I    AMFZX  3.01%  11.47% 9.61%
----------------------------------------------------------------------------
361 Managed Futures Strategy Fund Class A
 with Maximum Sales Charge (5.75%)           AMFQX  -3.00% 4.79%  3.21%
----------------------------------------------------------------------------
361 Managed Futures Strategy Fund Class A at
 NAV                                         AMFQX  2.92%  11.17% 9.32%
----------------------------------------------------------------------------
Citigroup 3 Month T-Bill Index                      0.02%  0.07%  0.07%
----------------------------------------------------------------------------
Morningstar's U.S. Managed Futures Category
 Average                                            -2.67% -7.39% N/A
----------------------------------------------------------------------------
S&P 500 Index                                       -0.38% 16.00% 17.04%
----------------------------------------------------------------------------

Class I Shares - Annual Expense Ratio: Gross 2.98%/Net 2.38%**. Ratio after fee waiver and/or expense reimbursement (less 0.23% excluded expenses): 2.15%.
Class A Shares - Annual Expense Ratio Gross 3.23%/Net 2.63%**. Ratio after fee waiver and/or expense reimbursement (less 0.23% excluded expenses): 2.40%

The performance data quoted here represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. To obtain performance information current to the most recent month-end, please call 1-888-736-1227.

Attend the 361 Managed Futures Strategy Fund Quarterly Update Webinar
To learn more about the 361 Managed Futures Strategy Fund, please join Tom Florence, CEO, and Brian Cunningham, President & CIO, as they provide an update on the 361 Managed Futures Strategy Fund and its performance during both the fourth quarter and in its first year on Thursday, January 10 at 4:30p.m. ET. You can register by visiting: https://www2.gotomeeting.com/register/633024426.

About 361 Capital
361 Capital is a Registered Investment Advisor focused on managing portfolios of alternative investments that preserve capital in volatile markets through proven risk management strategies. Founded in 2001, the Denver-based firm launched its first mutual fund -- the 361 Absolute Alpha Fund -- in 2010. In 2011, it launched the 361 Long/Short Equity Fund and the 361 Managed Futures Strategy Fund. 361 Capital's products are distributed through investment advisors and institutions. For more information, call 866-361-1720 or visit www.361capital.com.

About Lighthouse Partners
Lighthouse Investment Partners, with offices in Florida, Chicago, New York, London, and Hong Kong, is a fund of hedge funds and managed account investment adviser managing approximately $6.5 billion for institutional and private investors. The proprietary managed account program is a hallmark of Lighthouse's investment process.

*Morningstar Category: Managed Futures
Lipper Category: Managed Futures Funds

**The Funds' advisor has contractually agreed to waive its fees and/or pay for expenses of the Funds to ensure that total annual fund operating expenses (excluding any acquired fund fees and expenses, interest, taxes, dividends on short positions, brokerage commissions and extraordinary expenses such as litigation expenses) do not exceed 2.40% for Class A shares and 2.15% for Class I shares of the average daily net assets of the 361 Managed Futures Strategy Fund. This agreement is effective until February 28, 2013 and may be terminated by the Trust's Board of Trustees. The Funds' advisor is permitted to seek reimbursement from the Fund, subject to certain limitations, for fees it waived and Fund expenses it paid for three years from the date of any such waiver or payment to the extent a class's total annual fund operating expenses do not exceed the limits described above or any lesser limits in effect at the time of reimbursement.

Morningstar ranked the 361 Managed Futures Strategy Fund Class I and Class A Shares 1% and 2%, respectively, based on Total Return for the 1-year period ending 12/31/2012 among 100 funds in the Managed Futures Category. The Morningstar Percentile Ranking compares a Fund's Morningstar risk and return scores with all the Funds in the same Category, where 1% = Best and 100% = Worst. Morningstar defines the U.S. Managed Futures Category as funds that primarily trade liquid global futures, options, swaps, and foreign exchange contracts, both listed and over-the-counter. More than 60% of the fund's exposure is invested through derivative securities. These funds obtain exposure primarily through derivatives; the holdings are largely cash instruments.

Lipper ranked the 361 Managed Futures Strategy Fund Class I and Class A Shares #1 and #2, respectively, out of 47 Managed Futures Funds for the period ending 12/31/2012 based on Total Returns. Lipper rankings are based on a fund's average annual total return in its peer group. Lipper Managed Futures Funds are defined as Funds that invest primarily in a basket of futures contracts with the aim of reduced volatility and positive returns in any market environment. Investment strategies are based on proprietary trading strategies that include the ability to go long and/or short.

Investors should consider the funds' investment objectives, risks, charges and expenses carefully before investing. For a prospectus, or summary prospectus, that contains this and other information about the Funds, call 1-888-736-1227 or visit www.361capital.com. Please read the prospectus or summary prospectus carefully before investing.

Past performance does not guarantee future results. The Funds' performance may be influenced by political, social and economic factors affecting investments in foreign markets, including exposure to currency fluctuations relative to the U.S. dollar, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political instability, and differing auditing and legal standards. Emerging markets tend to be more volatile than the markets of more mature economies. The value of securities held by the Funds may fall due to general market and economic conditions. The securities of small-cap companies may be subject to more abrupt or erratic market movements; trading may be more erratic or have lower volume than securities of larger companies. Fixed income securities are subject to the risk that securities could lose value because of interest rate, inflation and credit changes.

Derivatives can be highly volatile, illiquid and difficult to value, and changes in the value of a derivative held by the Funds may not correlate with the underlying instrument or the Funds' other investments. The Funds may make short sales, which may expose the Funds to the risk that it will be required to "cover" the short position at a time when the underlying instrument has appreciated in value, thus resulting in a loss to the Funds. Losses may be incurred even if they are "covered." The use of leverage may further magnify the Funds' gains or losses.

Funds' performance may be more vulnerable to changes in the market value of a single position and more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund. The Funds may have limited or no track record on which to base investment decisions. Regulators may undertake rulemaking, supervisory or enforcement actions that would adversely affect the Funds. Active and frequent trading may lead to a greater proportion of the Funds' gains being treated for federal income tax purposes as short-term capital gains or to distribute taxable income to its shareholders sooner than it would have distributed income if the investments were held for longer periods of time. Frequent trading and overlapping security transactions including ETFs would also result in transaction costs, which could detract from performance.

Alternative Investments are speculative and involve substantial risks. It is possible that investors may lose some or all of their investment.

The Citigroup 3 Month T-Bill Index measures monthly return equivalents of yield averages that are not marked to market. The Three-Month Treasury Bill Indexes consist of the last three three-month Treasury bill issues.

© 2013 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The S&P 500 Index is a commonly recognized, market capitalization weighted index of 500 widely held equity securities, designed to measure broad U.S. equity performance.

It is not possible to invest directly in an index.

The 361 Funds are distributed by Foreside Fund Services, LLC.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@CloudExpo Stories
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of C...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
"Splunk basically takes machine data and we make it usable, valuable and accessible for everyone. The way that plays in DevOps is - we need to make data-driven decisions to delivering applications," explained Andi Mann, Chief Technology Advocate at Splunk and @DevOpsSummit Conference Chair, in this SYS-CON.tv interview at @DevOpsSummit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of D...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discussed how a new approach is neces...
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.