WAISC WEST. Auspice Capital Advisors
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1 WAISC WEST Auspice Capital Advisors
2 Auspice is more than a traditional CTA We offer: Systematic Trend Following strategies. Innovation through Alpha, Enhanced Beta Indices and Beta Strategies. Diversified business. Global partnerships with industry leaders with both retail and institutional mandates. Products suite offered in Canada, US and Offshore. Selected as one of Alberta's 50 Fastest Growing Companies by Alberta Venture and KPMG. Morningstar 2011 Silver Medal : Best Opportunistic Hedge Fund. 2
3 Innovation: Auspice Investor Solutions Active Strategies Auspice Diversified Program Auspice Energy Program Morningstar 2011 Silver Medal: Best Opportunistic Hedge Fund. Canadian HedgeWatch Ranked as the top performing CTA in Enhanced Beta Strategies Auspice Broad Commodity Indices Auspice Managed Futures Indices Ranked by ETF Securities UK as the top performing global broad commodity index. Available through Horizons ETFs HBR HMF Beta Strategies Canadian Natural Gas Indices Physical commodity indices In partnership with the TMX Group. 3
4 Core Allocation for Institutions and Family Offices More assets have gone into CTAs than any other Hedge Fund strategy since Background #1 Allocated to Alternative strategy in Europe making up almost 20% of $USD 382 billion European market. Pension Plans: Texas Teachers, CalPERS, OTPP, San Diego County. Who Invests? Endowments: Northwestern, U Texas, U Oregon, UTAM. Others: Foundations R Woods, Sovereign - ADIA Retail: Investment Advisors, Family Offices, HNW Investors. 4 Source: Hedge Fund Week and AI-CIO
5 Benefits of Managed Futures/CTA Consider the implications of these numbers to your asset allocation strategy. Correlation to S&P *Source: Hedge Funds and Individual Hedge Fund Strategies: Hedge Fund Research, Inc., HFR, Inc. [Oct. 2005], hfr.com; Managed Futures: International Traders Research, Inc. (an affiliate of Altegris); US Stocks: Standard and Poor's; US Bonds: Lehman Brothers Inc. Barclays Hedge.
6 Auspice: Barclay CTA Index during 15 Worst Quarters of S&P 500 Index Period Event S&P 500 index Barclay CTA Index Difference Auspice Fourth Quarter 1987 Black Monday, Global Stock Market Crash % 13.77% 37.00% Fourth Quarter 2008 Bear market in US Equities led by Financials % 6.70% 29.26% 20.40% Third Quarter 2002 WorldCom Scandal % 6.77% 24.41% Third Quarter 2001 Terrorist Attacks on WTC and Pentagon % 2.62% 17.61% Third Quarter 1990 Iraq invades Kuwait % 15.82% 30.33% Second Quarter 2002 Continuing aftermath of tech bubble bursting % 8.20% 21.93% First Quarter 2001 Bear Market in US equities led by technology % 3.75% 15.87% Third Quarter 1998 Russia defaults on debt, LTCM Crisis % 8.95% 19.25% First Quarter 2008 Credit Crisis, Commodity prices rally -9.92% 6.90% 16.82% 18.92% Third Quarter 2008 Credit Crisis, Gov t Sponsored bailout of banks -8.88% -3.01% 5.87% -1.15% Fourth Quarter 2000 DotCom Bubble bursts -8.09% 9.86% 17.95% Third Quarter 1999 Anxiety during run up to Y2K -6.56% -0.70% 5.77% First Quarter 1994 Fed. Reserve begins increasing interest rates -4.43% -2.76% 1.68% Fourth Quarter 2007 Credit Crisis, Subprime Mortgage Losses -3.82% 4.07% 7.89% 4.64% First Quarter 1990 Recession in US, Oil prices spike -3.81% 5.43% 9.24% 6 Source: Alphametrix Alternative Investment Advisors, Bloomberg, Auspice Capital Advisors
7 Auspice Performance Comparison $1, Year Performance Ending Dec 2012 $1, $1, $1, $ $ $ Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Auspice Diversified MAN AHL Diversified Newedge CTA TSX Ending December year Annualized Volatility Worst Drawdown Sharpe Ratio MAR Ratio Correlation AuspiceDiversified 5.27% 12.95% 20.12% MAN AHL Diversified -0.86% 14.24% 25.61% Newedge CTA Index 1.82% 7.65% 9.49% TSX % 17.00% 44.27% Sources: Barclay Hedge, MAN Investments Canada, Auspice. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Trading futures can be speculative and the risk of loss may be significant.
8 Systematic Approach to Investing 8 8
9 Auspice Team Two Portfolio Managers Tim Pickering - Lead Portfolio Manager and CIO, President. 10 years of institutional trading experience. V.P. of Option Trading: Shell Trading Gas and Power. Director of Energy Trading for T.D. Securities. Energy trading, capital markets trading, trading development program. Ken Corner P.Eng. Portfolio Manager, Head of Research and Trading Operations. Trading, programming, financial modeling and engineering. V.P. of Option Trading for T.D. Securities. Director of Trading: Shell Trading Gas and Power. Financial Modeling Specialist: ATCO Energy. Additional Senior Professionals Michael Lee Hing, MBA. Director of Compliance and Risk Management. Basil D Souza, CFA. Director of Business Development. Laurie Kelly, CA. Director of Finance. Kevin Malenfant, M.Sc. Applied Math. Quantitative Analyst. Jason Ewasuik, Trader. 9
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