Bridgeway Capital Management Launches Absolute Return-Focused Bridgeway Global Opportunities Fund (BRGOX)
Bridgeway Capital Management has launched the Bridgeway Global Opportunities Fund (BRGOX), a systematic global absolute-return strategy employing a long/short approach. The fund, now available on Schwab and Fidelity platforms, aims to deliver strong returns regardless of stock market direction. BRGOX is offered as a traditional mutual fund with an asset cap of $150 million.
Based on Bridgeway's research on Intangible Capital Intensity, the fund maintains low net exposure to countries, sectors, and certain undesirable exposures. It's designed to provide risk-aware investors with a tool for building resilient, diversified portfolios with reduced systematic risk exposure.
Once the asset cap is reached, Bridgeway intends to offer the strategy to new investors only through a hedge fund or similar structure at a higher fee. The fund aims to address increasing correlation across global markets by delivering consistent risk-adjusted returns through diversification and reduced volatility.
Bridgeway Capital Management ha lanciato il Bridgeway Global Opportunities Fund (BRGOX), una strategia globale sistematica a rendimento assoluto che impiega un approccio long/short. Il fondo, ora disponibile sulle piattaforme Schwab e Fidelity, mira a garantire rendimenti significativi indipendentemente dalla direzione del mercato azionario. BRGOX è offerto come un fondo comune tradizionale con un limite patrimoniale di 150 milioni di dollari.
Basandosi sulla ricerca di Bridgeway sull'Intensità del Capitale Intangibile, il fondo mantiene una bassa esposizione netta a paesi, settori e determinate esposizioni indesiderate. È progettato per fornire ai investitori consapevoli dei rischi uno strumento per costruire portafogli resilienti e diversificati con un'esposizione ridotta al rischio sistematico.
Una volta raggiunto il limite patrimoniale, Bridgeway intende offrire la strategia a nuovi investitori solo attraverso un fondo hedge o una struttura simile a una commissione più alta. Il fondo mira ad affrontare l'aumento della correlazione nei mercati globali offrendo rendimenti coerenti aggiustati per il rischio attraverso la diversificazione e la riduzione della volatilità.
Bridgeway Capital Management ha lanzado el Bridgeway Global Opportunities Fund (BRGOX), una estrategia sistemática global de retorno absoluto que emplea un enfoque long/short. El fondo, ahora disponible en las plataformas Schwab y Fidelity, tiene como objetivo entregar rendimientos fuertes sin importar la dirección del mercado de valores. BRGOX se ofrece como un fondo mutuo tradicional con un techo de activos de 150 millones de dólares.
Basado en la investigación de Bridgeway sobre la Intensidad del Capital Intangible, el fondo mantiene baja exposición neta a países, sectores y ciertas exposiciones no deseadas. Está diseñado para proporcionar a los inversores conscientes del riesgo una herramienta para construir carteras resilientes y diversificadas con exposición reducida al riesgo sistemático.
Una vez que se alcance el techo de activos, Bridgeway tiene la intención de ofrecer la estrategia a nuevos inversores solo a través de un fondo de cobertura o estructura similar a un costo mayor. El fondo busca abordar la creciente correlación en los mercados globales al ofrecer rendimientos ajustados por riesgo consistentes a través de la diversificación y la reducción de la volatilidad.
브리지웨이 캐피털 매니지먼트가 브리지웨이 글로벌 오퍼튜니티 펀드 (BRGOX)를 출시했습니다. 이 펀드는 롱/숏 접근 방식을 사용하는 체계적인 글로벌 절대 수익 전략입니다. 현재 Schwab과 Fidelity 플랫폼에서 이용 가능한 이 펀드는 주식 시장의 방향과 관계없이 강력한 수익을 제공하는 것을 목표로 합니다. BRGOX는 1억 5천만 달러의 자산 한도로 전통적인 뮤추얼 펀드로 제공됩니다.
브리지웨이의 무형 자본 집중도에 관한 연구를 바탕으로 이 펀드는 국가, 부문 및 특정 바람직하지 않은 노출에 대한 낮은 순 노출을 유지합니다. 위험 감수 투자자에게 시스템적 위험 노출이 감소된 회복탄력성 있고 다양화된 포트폴리오를 구축할 수 있는 도구를 제공하도록 설계되었습니다.
자산 한도가 달성되면 브리지웨이는 새로운 투자자에게 헤지펀드나 유사한 구조를 통해서만 이 전략을 제공할 계획입니다. 이 펀드는 다양화와 변동성 감소를 통해 일관된 위험 조정 수익을 제공하여 글로벌 시장 간의 상관관계 증가 문제를 해결하는 것을 목표로 합니다.
Bridgeway Capital Management a lancé le Bridgeway Global Opportunities Fund (BRGOX), une stratégie systématique globale à retour absolu utilisant une approche long/short. Le fonds, désormais disponible sur les plateformes Schwab et Fidelity, vise à offrir des rendements forts, quelle que soit la direction du marché boursier. BRGOX est proposé en tant que fonds commun traditionnel avec une plafond d'actifs de 150 millions de dollars.
Basé sur les recherches de Bridgeway sur l'intensité du capital intangible, le fonds maintient une faible exposition nette à des pays, secteurs et certaines expositions indésirables. Il est conçu pour fournir aux investisseurs conscients du risque un outil pour construire des portefeuilles résilients et diversifiés avec une exposition au risque systématique réduite.
Une fois le plafond d'actifs atteint, Bridgeway prévoit d'offrir la stratégie à de nouveaux investisseurs uniquement par l'intermédiaire d'un fonds spéculatif ou d'une structure similaire à un tarif plus élevé. Le fonds vise à traiter la corrélation croissante entre les marchés mondiaux en fournissant des rendements ajustés au risque cohérents grâce à la diversification et à une volatilité réduite.
Bridgeway Capital Management hat den Bridgeway Global Opportunities Fund (BRGOX) ins Leben gerufen, eine systematische globale Absolute-Return-Strategie mit einem Long/Short-Ansatz. Der Fonds ist jetzt auf den Plattformen von Schwab und Fidelity erhältlich und zielt darauf ab, starke Renditen unabhängig von der Richtung des Aktienmarktes zu liefern. BRGOX wird als traditioneller Investmentfonds mit einer Vermögensobergrenze von 150 Millionen Dollar angeboten.
Auf Grundlage von Bridgeways Forschung zur Intensität des immateriellen Kapitals hält der Fonds eine niedrige Nettoexposition gegenüber Ländern, Sektoren und bestimmten unerwünschten Expositionen aufrecht. Er wurde entwickelt, um risikobewussten Anlegern ein Werkzeug zur Verfügung zu stellen, mit dem sie resiliente, diversifizierte Portfolios mit reduzierter systematischer Risikoexposition aufbauen können.
Sobald die Vermögensobergrenze erreicht ist, beabsichtigt Bridgeway, die Strategie neuen Investoren nur über einen Hedgefonds oder eine ähnliche Struktur zu höheren Gebühren anzubieten. Der Fonds will die zunehmende Korrelation an den globalen Märkten angehen, indem er durch Diversifikation und reduzierte Volatilität konsistente risikoadjustierte Renditen liefert.
- Launch of a new fund (BRGOX) with a unique absolute-return strategy
- Asset cap of $150 million, indicating potential exclusivity and demand
- Aims to deliver strong returns regardless of stock market direction
- Designed to reduce exposure to systematic risks
- Based on extensive research, including three peer-reviewed articles
- availability once $150 million asset cap is reached
- Future investors may face higher fees through hedge fund structure
Insights
The launch of Bridgeway Global Opportunities Fund (BRGOX) represents a significant development in the investment landscape. This absolute return-focused fund, employing a long/short strategy with low net exposure, aims to deliver consistent returns regardless of market conditions. Key points to consider:
- The fund's asset cap of
$150 million suggests a deliberate strategy to maintain agility in the market. - The planned transition to a hedge fund structure after reaching the cap indicates potential for higher fees and accessibility in the future.
- The fund's approach, based on research including studies on Intangible Capital Intensity, offers a unique value proposition for investors seeking diversification and reduced systematic risk exposure.
- Opening this institutional-grade strategy to retail investors through mutual fund structure is a noteworthy democratization of sophisticated investment approaches.
While innovative, investors should carefully consider the fund's complexity, potential risks and fee structure before investing. The strategy's effectiveness in various market conditions remains to be seen, making it important for investors to monitor its performance closely.
The introduction of BRGOX marks a strategic move by Bridgeway Capital Management to tap into the growing demand for alternative investment strategies among retail investors. Several market implications are worth noting:
- This launch aligns with the trend of democratizing hedge fund-like strategies, potentially disrupting the traditional asset management landscape.
- The fund's focus on absolute returns and low correlation to market movements addresses investor concerns about market volatility and systematic risks.
- The capacity approach (
$150 million cap) could create scarcity value, potentially driving investor interest. - Bridgeway's emphasis on academic research and systematic approaches may appeal to a growing segment of data-driven investors.
However, the success of this fund will depend on its ability to deliver on its promises of consistent returns and reduced volatility. The market's reception and the fund's performance in various market conditions will be critical factors to watch in assessing its long-term impact on the investment landscape.
Built for Institutions, Now Open to Retail Investors, the Fund to Close at
Based on Bridgeway’s extensive research including, three peer-reviewed articles on Intangible Capital Intensity, the Fund seeks to consistently deliver strong returns regardless of stock market direction. The Fund is a systematic global absolute–return strategy that employs a long/short approach and maintains low net exposure to countries, sectors and certain other undesirable exposures. BRGOX is being offered as a traditional mutual fund with an asset cap of
“We are confident that Bridgeway Global Opportunities Fund will be a valuable addition for risk–aware investors seeking to build resilient, diversified portfolios with reduced exposure to systematic risks,” said John Montgomery, Founder and CEO at Bridgeway Capital Management. “The Global Opportunities strategy structurally benefits from Bridgeway’s experience over three decades in managing capacity constrained funds, plus our nimbleness in the market relative to much larger competitors.”
“The launch of Bridgeway Global Opportunities Fund reflects our commitment to providing investors with innovative solutions in this evolving market environment,” said Jacob Pozharny, Co-CIO and Portfolio Manager for the Fund. “Traditionally, only high-net-worth and institutional investors have had access to hedge fund like strategies. This fund is designed to be agnostic with respect to the stock market direction and intended to address increasing correlation across global markets by aiming to deliver attractive and consistent risk–adjusted returns through a blend of diversification and reduced volatility.
For a comprehensive overview of the Bridgeway Global Opportunities investment approach, please review the firm’s Measuring Intangible Capital Intensity: A Global Analysis under the Perspectives Page of our website.
For more information about the Bridgeway Global Opportunities Fund and Bridgeway Capital Management, please visit https://bridgeway.com.
About Bridgeway Capital Management
Bridgeway Capital Management, Inc., the Adviser to Bridgeway Funds, was founded in
Disclosures
Before investing you should carefully consider the Fund's investment objectives, risks, charges, and expenses. This and other information is in the prospectus, a copy of which may be obtained by calling 800-661-3550 or visiting the Fund's website at bridgewayfunds.com. Please read the prospectus carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund's use of derivatives, swaps, and leverage can magnify the risk of loss in an unfavorable market, and the Fund's use of short-sale positions can, in theory, expose shareholders to unlimited loss. The Fund invests in foreign securities, which involve greater volatility and political, economic, and currency risks, and differences in accounting methods. These risks are greater in emerging markets. The Fund is new and has no operating history.
Diversification does not assure a profit, nor does it protect against a loss in a declining market.
The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Bridgeway Capital Management, LLC ™ or any other affiliate.
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Media
Tyler Bradford
Hewes Communications
212-207-9454
tyler@hewescomm.com
Source: Bridgeway Capital Management
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