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While many alternative investments are really no more than alternate strategies within an existing asset class, managed
futures provide diversification into a true alternative asset class through exposure to
commodity markets.
Venture capital, private equity, and many hedge funds are actually an extension of the equity class (stocks), not an alternate asset class altogether.
In contrast, Attain brings exposure to a truly
different asset class in commodities, which provide economic value through being
consumed or transformed - not on the basis of future cash flows like stocks and bonds.
Attain does utilize futures on stock indices and financial instruments such as bonds and currencies, which do not fall into an
alternate asset class, but remains diversified by using a multi-dimensional approach comprised of lowly correlated strategies across different time frames and logics.
*Absolute returns refer to a style of investing that attempts to provide positive returns
year in and year out, not returns which outpace the "market". There is no guarantee this style will be
successful, and some absolute return vehicles can take losses as a result of leveraging risk in attempts
to post positive returns at any cost.
2See 2004 World Wealth Report, Merrill Lynch & Cap Gemini.
Important Risk Disclosure
Futures based investments are often complex and can carry the risk of
substantial losses. They are intended for sophisticated investors and are not
suitable for everyone. The ability to withstand losses and to adhere to a
particular trading program in spite of trading losses are material points which
can adversely affect investor returns.
Managed futures accounts can subject to substantial charges for management
and advisory fees. The numbers throughout this site include all such fees, but it may be
necessary for those accounts that are subject to these charges to make
substantial trading profits in the future to avoid depletion or exhaustion of
their assets.
The regulations of the Commodity Futures Trading Commission (CFTC) require
that prospective clients of a CTA receive a disclosure document when they
are solicited to enter into an agreement whereby the CTA will direct or guide
the client's commodity interest trading and that certain risk factors be
highlighted. The disclosure document contains a complete description of the
principal risk factors and each fee to be charged to your account by the
Commodity Trading Advisor (CTA). This document is readily accessible at this
site under the Performance and Program pages.
As past performance does not guarantee future results, these results may have no bearing on, and may not be
indicative of, any individual returns realized through participation in this investment. No part of this document
should be considered apart from the Disclosure Statements contained herein.
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"'High net worth individuals looking to improve portfolio diversity may consider investing in non-correlated assets, such as commodities' - Robert Doll, President &
Chief Investment Officer,
Merrill Lynch Investment Managers"2
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