HRAA

The fund provides an adaptive asset allocation to major asset classes by combining strategies such as risk parity, systematic long/short global macro, and dynamic tail protection. The exposure to global securities will mainly be through futures and forwards. The Sub-advisor employs a systematic global macro strategy, using machine learning to create a portfolio that highlights total return momentum, seasonal patterns, carry measures, and mean reversion while maximizing diversification-based estimates of volatility and correlations.