For the ATRFX fund, this means betting on currencies, equities, commodities, and bonds, but not in a direct way.
Instead, it employs everything from arbitrage strategies, riding out momentum and interest rates, or sitting on the sidelines when it's choppy.
Over the last couple of years, higher interest rates have brought in some good yields.
Related storiesOne step further is to arbitrage interest rates across currencies.
Investors can do this by identifying national currencies with low interest rates, borrowing in that currency, and then lending in the currencies with higher interest rates.
Persons:
David Miller, ATRFX, Miller, It's, that's, Yen, it's
Organizations:
Service, Systematic Alpha Fund, Business, Catalyst Capital Advisors, BNP Paribas, BNP, Commodities Commodities, Bloomberg, Federal Reserve