Key Takeaways
- • Campbell & Company became the sole investment adviser to the Campbell Systematic Macro Fund (EBSIX, EBSAX, EBSCX, EBSPX), a series of The RBB Fund, Inc., after completing the acquisition of the Equinox Campbell Strategy Fund effective June 1, 2020.
- • Campbell, previously the sub-adviser to the portfolio, now operates as the fund's sole advisor, consolidating the fund structure under RBB.
- • The reorganization lowers net and gross operating expenses for existing shareholders of the acquired fund, according to Campbell.
- • The fund's investment objective and strategy are unchanged, providing access to Campbell's flagship Managed Futures Portfolio.
- • RBB Fund oversees approximately $15 billion in assets across ten unaffiliated advisors and over 30 mutual fund or ETF offerings.
Summary
Baltimore-based Campbell & Company, a registered investment adviser, announced that the Campbell Systematic Macro Fund, a series of The RBB Fund, Inc., completed its previously announced acquisition of the Equinox Campbell Strategy Fund effective June 1, 2020, according to a Business Wire release. Campbell, which had previously served as sub-adviser to the portfolio, will now act as the sole advisor to the fund.
Campbell CEO Will Andrews said the company is always looking to reduce cost and complexity for shareholders, and that moving the fund to RBB simplifies the fund structure while providing better client services at a reduced cost. The reorganization delivers lower net and gross operating expenses for existing shareholders of the acquired fund. The fund's investment objective and strategy remain unchanged, offering access to Campbell's flagship Managed Futures Portfolio with the aim of long-term capital appreciation, a return independent of traditional equity and bond investments, enhanced diversification, reduced overall portfolio volatility, and minimized size and recovery time from drawdowns.
Arnold M. Reichman, Chairman of the RBB Board, described Campbell as a wonderful partner and said the firm's long-term track record and differentiated strategy underpin the fund's growth prospects. RBB, founded in 1988 as a registered open-end investment company organized as a series trust under Maryland law, is a turnkey platform that handles fund establishment, servicing, and corporate governance for its advisers. Campbell, established in 1972, specializes in systematic absolute return strategies for institutional and individual clients. The fund's offerings are available only by prospectus, and managed futures carry leverage and significant market risk.
Campbell CEO Will Andrews said the company is always looking to reduce cost and complexity for shareholders, and that moving the fund to RBB simplifies the fund structure while providing better client services at a reduced cost. The reorganization delivers lower net and gross operating expenses for existing shareholders of the acquired fund. The fund's investment objective and strategy remain unchanged, offering access to Campbell's flagship Managed Futures Portfolio with the aim of long-term capital appreciation, a return independent of traditional equity and bond investments, enhanced diversification, reduced overall portfolio volatility, and minimized size and recovery time from drawdowns.
Arnold M. Reichman, Chairman of the RBB Board, described Campbell as a wonderful partner and said the firm's long-term track record and differentiated strategy underpin the fund's growth prospects. RBB, founded in 1988 as a registered open-end investment company organized as a series trust under Maryland law, is a turnkey platform that handles fund establishment, servicing, and corporate governance for its advisers. Campbell, established in 1972, specializes in systematic absolute return strategies for institutional and individual clients. The fund's offerings are available only by prospectus, and managed futures carry leverage and significant market risk.
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