DENVER, July 14, 2015 (GLOBE NEWSWIRE) -- 361 Capital, a leading liquid alternative investments firm delivering institutional quality mutual funds, announced today the addition of Daniel C. Cascarano as Vice President of National Accounts and Institutional Sales. In this role, Cascarano will lead 361 Capital's efforts in cultivating key account relationships across institutional and intermediary channels.
"We're thrilled with Dan's decision to join 361 Capital. With volatility clearly on the horizon for fixed income and equity markets, advisors and clients are turning to alternative mutual funds to diversify away from market risk and to optimize portfolios," said 361 Capital President and CEO Tom Florence. "Dan's extensive experience in alternative investments combined with his institutional analyst background make him a strong complement to our rapidly expanding distribution team."
Prior to joining 361 Capital, Cascarano served as Vice President of Alternative Investments Research for the Private Client Reserve within U.S. Bank. In this capacity, he spearheaded the development of a research system that streamlined the due diligence process, improved quantitative performance measures and strengthened communication to portfolio managers. Before U.S. Bank, Cascarano spent several years working as an analyst for Jeffrey Slocum & Associates, Inc. assessing hedge fund managers for multibillion dollar institutional investors. Cascarano holds a Chartered Alternative Investment Analyst (CAIA) designation.
Cascarano joins Senior Vice President of Marketing Alexandra Seifert as recent strategic hires supporting the growth of 361 Capital's suite of alternative investment mutual funds, which include:
- The 361 Managed Futures Strategy Fund (AMFZX). The Fund received a 4-Star Overall Morningstar RatingTM, out of 91 funds in the Managed Futures Category, as of June 30, 2015.
- The 361 Global Long/Short Equity Fund (AGAZX), which celebrated its one-year track record in January, placed in the top seven percent of its respective peer group since the Fund's inception on January 6, 2014 for the period ended June 30, 2015 (out of 343 funds in the Morningstar U.S. Long/Short Equity Category).
- The firm recently celebrated the one-year anniversary of both the 361 Global Managed Futures Strategy Fund (AGFZX), a global counter-trend strategy, and 361 Global Macro Opportunity Fund (AGMZX), which utilizes systematic models that attempt to identify the best macro opportunities around the globe.
About 361 Capital
361 Capital is a liquid alternative investments firm focused on providing institutional quality mutual funds to investment advisors and their clients.* Since its founding in 2001, the firm has been exclusively focused on alternative investments, creating innovative portfolio solutions that seek to lower risk, enhance returns, and provide transparency. This experience has provided 361 Capital with a deep understanding of the strategies that make up alternative investing, including long/short equity, managed futures, global macro, and multi-alternative. Today, the firm combines its investment skills and experience with that of other high quality alternative investment managers to offer a family of single-manager alternative mutual funds. 361 Capital's goal is to provide its clients with the highest quality mutual funds, whether managed by 361 Capital, or sub-advised by another proven alternative investment firm. The firm distributes its products through investment advisors and institutions. For more information, call 866-361-1720 or visit www.361capital.com.
*"Institutional quality" refers to products that have the potential to pass the due diligence scrutiny of institutional investors due to liquidity, cost on a relative basis to similar strategies, and investment process.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. The 361 Managed Futures Strategy Fund was rated against the following numbers of U.S.-domiciled Managed Futures Funds over the following time period: 91 funds in the last three years. With respect to these Managed Futures category, the 361 Managed Futures Strategy Fund received a Morningstar Rating of four stars for the three-year period. Past performance is no guarantee of future results. Morningstar Rating is for the Class I shares and Investor Class shares.
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Investors should consider the 361 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.
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.
For the 361 Global Macro Opportunity Fund, 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, as may be found in the 361 Managed Futures Strategy Fund, 361 Global Managed Futures Strategy Fund and the 361 Global Macro Opportunities Fund. Regulators may undertake rulemaking, supervisory or enforcement actions that would adversely affect the 361 Managed Futures Strategy Fund and the 361 Global Managed Futures Strategy Fund.
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. 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.
The 361 Funds are distributed by IMST Distributors, LLC.