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Rating:A Three-Year-Old Firm Adds a Commodity Strat Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 29, 2023

A Three-Year-Old Firm Adds a Commodity Strat Fund

Reported by Neil Anderson, Managing Editor

The team at a three-year-old, Gotham fund firm is rolling out a fund "designed to be a long-only commodity replacement, while still providing the enhancements of a systematic long/short managed futures strategy."

Yesterday, David Berns, chief investment officer and co-founder of Simplify Asset Management Inc. [profile], unveiled the launch of the Simplify Commodities Strategy No K-1 ETF (HARD on the NYSE Arca, Inc.). The new fund is a series of Simplify Exchange Traded Funds.

HARD's inception date was Tuesday. It comes with an expense ratio of 75 basis points, and as of yesterday it had $2.5 million in AUM.

Simplify serves as investment advisor for HARD, while Altis Partners (Jersey) Limited serves as futures advisor. The new fund's PM team includes: Paul Kim, CEO of Simplify; Michael Green, managing director and chief strategist; Ken Miller, portfolio manager; and Berns himself.

"With HARD, we've designed a means by which investors can access commodity exposure for bothe the short- and long-term, with the potential to perform well during periods of inflation as well as in more typical market environments," Berns states. "We see this fund meeting two important needs for investors and advisors: access to an enhanced core commodity exposure and a powerful inflation hedge."

HARD's other service providers include: Bank of New York Mellon as administrator, custodian, fund accountant, and transfer agent; Cohen & Company, Ltd. as independent accounting firm; Foreside Financial Services, LLC as distributor; and Thompson Hine LLP as counsel. 

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