A year ago we set out to challenge the status quo of investment management and in doing so made the decision to put our money where our mouth is—to waive our management fee if we failed to outperform the S&P 500. Little did we know then, that the S&P would then go on to post its best first-half to a year in 22 years!Our innovative Ampersand Fund, however, was up to the challenge and outperformed the S&P 500 during that period by +9.00%!

What is it? An innovative fund that aims to achieve returns and volatility comparable to the S&P 500 while mitigating downside risk.Whom it’s for? Investors tired of paying active managers to merely keep up, or underperform the S&P 500.Why the Fee? The vast majority of asset managers underperform the index and we believe investors should be asking: “Why the Fee?”Where it fits? Core Portfolio Holding

“If we do not exceed the returns of the S&P 500, we will not be paid”Robert Enck, President & CEO, Equinox Funds on Asset TV• “Why the Fee” conceptRobert Enck, President & CEO, Equinox Funds on Bloomberg Markets RadioInvestors and the “sacrificed” opportunity costRobert Enck, President & CEO, Equinox Funds on Strategic Investor RadioExplaining AmpersandDr. Ajay Dravid, CIO, Equinox Funds“How is the Fund structured to enhance returns and dampen risk?”Dr. Rufus Rankin, Director of Research, Equinox Funds on Asset TV