News & Media
Toronto, Ontario – January 16, 2018 – Auspice Capital Advisors Ltd. (“Auspice”) announced today that it will be terminating Canadian Natural Gas Index ETF (the “ETF”) (ticker symbol: GAS) effective at the close of business on or about March 23, 2018 (the “Termination Date”).
Capital versus Risk Allocation: What Most Investors Get Wrong in Alternatives.
Direxion has launched the Direxion Auspice Broad Commodity Strategy ETF (Ticker: COM), which seeks to provide total return that exceeds that of the Auspice Broad Commodity Index. The rules-based index attempts to capture trends in 12 diversified commodity markets using a quantitative methodology.
The Auspice Managed Futures Index strategy took top spot at the CTA Intelligence Awards in New York
2016 was a year of volatility inducing events, which caused many markets to move in surprising ways on the back of results that separated themselves from popular consensus or polling. Brexit, the US election, a new OPEC narrative, and the US Fed raising rates were all tough on trends, inducing whips and reversals. Despite this, equities rallied while broad commodities had their first positive year in many.
While hedging isn’t free, it’s prudent, writes Tim Pickering of Auspice Capital
Investors and market participants can now actively monitor and speculate outright on the price of Canadian natural gas.
"The opportunity to work with USCF is exciting for Auspice and is positive for the global energy commodity marketplace," said Tim Pickering, Founder, and Chief Investment Officer of Auspice.
Tim Pickering, CIO of Auspice Capital, has been lobbying for the provincial government of Alberta to hedge against the performance of oil. He says Alberta has neglected to take advantage of this investment strategy even after acknowledging in their own 2014-15 budget that they stood to lose $2.15-billion for every $10 decrease in WTI, which ultimately resulted in an estimated $13-billion decline in revenues since 2014 . He tells us what he plans to say to the government and why a hedging policy may be the best solution for the province and the industry.
Tim Pickering, founder, with Auspice Capital joins BNN to give us his outlook on Alberta following the wildfires.
Commentaries and Performance
The Auspice Diversified Program fell 5.81%.
Auspice Broad Commodity lost 1.63% in February
The AMFERI softened 1.25% in February
The Auspice Diversified Program added 3.12%.
Auspice Broad Commodity gained 0.58% in January
The AMFERI gained 0.43% in January
The Auspice Diversified Program added 0.67%.
Auspice Broad Commodity gained 2.78% in December
The AMFERI gained 1.54% in December
The Auspice Diversified Program softened 0.27%.
Research is the foundation of what we do. We understand that markets evolve and that we need to adapt. We engage in a process of continuous evaluation and research to identify sources of returns and the methods with which to effectively capture them.
The CTA Value Added Index
White Paper - Auspice, 2014
Commodity Investing: Alpha, Beta, & Something In Between
Published Benefits And Pension Monitor - Auspice, June 2011
Videos & Podcasts
July 2, 2015
The Canadian crude oil market is in backwardation - what this means for WCS with Tim Pickering, Lead Portfolio Manager, Auspice Capital.
Apr 21, 2015
Auspice Capital says its new Canadian Crude Index "represents a simple, transparent and liquid benchmark for oil that is produced in Canada." Founder and President Tim Pickering tells us about his plan to launch an ETF based on the bellwether.
December 23, 2014
Tim Pickering, President & CIO, Auspice Capital, joins BNN to offer insight on investing in managed futures and a look at Horizons 'best performing Canadian-listed ETF".
Top Traders Interview
December 21, 2014
What is the difference between simply following a trend and capturing it? Why is growth not consistent and gradual and why do we want it to be?
Tim Pickering chats with Niels Kaastrup-Larsen from Top Traders Unplugged.
Tim Pickering: A Case for the CTA Value Added Index
December 6, 2013
Tim Pickering of Auspice Capital discusses the CTA Value Added Index and makes a case that it is evident, historically, not only in times of financial crisis. Download on iTunes
Ep. 11: Trend Following - Tim Pickering interviewed by Michael Covel
April 27, 2012
Michael Covel talks to Tim Pickering, founder/president and lead portfolio manager of Auspice Capital. Pickering has over 15 years of commodity and financial trading experience. Prior to forming Auspice, Pickering was Vice President of Options Trading at Shell Trading Gas and Power in the Houston and Calgary offices.