Auspice Capital

Name

Auspice Capital

Legal name

Auspice Capital Advisors Ltd.

Website

https://auspicecapital.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Managed Futures / CTA (Trend, Carry, Global Futures) (FSAHAEAB)

akta.pro secondary industries

Hedge Funds — Commodity Systematic/CTA (Managed Futures) (FSAHAHAC), Hedge Funds — Commodity Discretionary (Directional) (FSAHAHAA)

Keywords

• Commodity investment strategies
• Managed futures funds
• Crisis alpha solutions
• CTA portfolio management
• Alternative investment management

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management Fees: Auspice charges management fees on its mutual fund products (Auspice Diversified Trust, Auspice One Fund Trust, Auspice Broad Commodity) and institutional managed accounts. Fees are disclosed in offering documents and prospectuses.
2. Performance / Incentive Fees: Some products may charge performance-based fees in addition to or in lieu of management fees. The Auspice One Fund is structured as 'management fee or performance, not both.'
3. ETF Management / Licensing: Revenue from licensing proprietary indices (CCI, CGI, Auspice Broad Commodity Index) to third-party product issuers including exchange-traded product sponsors (Direxion Auspice COM ETF, CCX ETF).
4. Institutional Advisory Mandates: Fee income from separately managed accounts and institutional mandates including Commodity Evolution portfolios, managed accounts tracking the Auspice Broad Commodity Index.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Auspice Capital manages rules-based quantitative investment strategies focused on commodities and managed futures (CTAs). The firm offers mutual fund trusts, exchange-traded funds, institutional managed accounts, and proprietary commodity indices (CCI, CGI, Auspice Broad Commodity Index) that deliver commodity exposure, crisis alpha, and inflation protection for Canadian retail investors, financial advisors, and institutional clients.

Product overview

Auspice Capital offers a suite of quantitative investment solutions centered on commodities and managed futures (CTAs). The core products include three main fund strategies: Auspice Broad Commodity (tactical commodity index), Auspice Diversified Trust (multi-strategy CTA with crisis alpha), and Auspice One Fund Trust (equity replacement combining S&P 500 exposure with CTA protection). Additional offerings include the institutional-focused Auspice Commodity Evolution (ESG-aligned energy transition strategy), commodity indices (Canadian Crude Index and Canadian Natural Gas Index), and return stacking/portable alpha strategies. The firm also offers exchange-traded products including the CCX ETF (Canadian WCS Oil) and COM ETF (Broad Commodity, NYSE-listed). These products work together to provide investors with commodity exposure, crisis alpha, inflation protection, and diversified alternative investment solutions ranging from retail-accessible ETFs to institutional mandates.

Differentiator

Problem solved

Functional benefit

Brands

• Auspice Broad Commodity: Core Commodity tactical strategy with 15-year track record providing upside exposure to commodities and inflation
• Auspice Diversified Trust
• Auspice One Fund Trust
• Auspice Commodity Evolution (ACE)
• Canadian Crude Index (CCI)
• Canadian Natural Gas Index (CGI)

Products and services

• Auspice Broad Commodity Core Commodity index strategy providing tactical, low-fee upside exposure to commodities and inflation with a 15-year track record of broad commodity index outperformance. Available as mutual fund (81-102) and ETFs (CCOM on TSX, COM on NYSE).
• Auspice Diversified Trust Commodity and Crisis Alpha strategy providing negatively correlated multi-strategy CTA with a higher commodity weighting, consistently outperforming CTAs in risk-off and inflationary periods over 19 years. Available as 81-102 mutual fund and institutional managed accounts.
• Auspice One Fund Trust Equity Replacement strategy providing $1 exposure to S&P 500 plus $1 exposure to the flagship protective CTA/managed futures strategy (Auspice Diversified) per dollar invested, while receiving a cash distribution. Fee is management fee or performance, not both.
• Auspice Commodity Evolution (ACE) ESG-aligned tactical commodity strategy that opportunistically trades commodity evolution and energy transition markets. Designed for institutional investors seeking ESG-aligned inflation protection with transparency, reliability, and capital efficiency.
• Canadian Crude Index (CCI) Simple, transparent, and liquid fixed price benchmark for Western Canadian Select (WCS) crude oil priced in USD. Reference Price ticker: CDNCRUDE; Excess Return Index ticker: CCIER (NYSE). Licensed to third-party product issuers.
• Canadian Natural Gas Index (CGI) Excess return index tracking the price of natural gas produced in Canada for delivery on TransCanada Mainline (AECO/NIT) in Alberta, representing a 3-month rolling exposure. Reference Price ticker: CDNGAS; Excess Return Index ticker: CNGER (NYSE).
• CCX ETF (Canadian Crude Oil Index ETF) TSX-listed ETF providing the only publicly traded direct exposure to Canadian Western Canadian Select (WCS) crude oil, using the CCI Excess Return Index as its benchmark.
• COM ETF (Direxion Auspice Broad Commodity Strategy ETF) NYSE-listed ETF that replicates the performance of the Auspice Broad Commodity Index. The only 5-star Morningstar rated commodity ETF. Designed to replicate an active long/flat diversified commodity index.

Quantifiable outcome

• Auspice Diversified added over 44% in 2008 while equities fell 50%+
• +5 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Concordia University Inter-Generational Fund (CUiF)coreStrategic or Co-development Partner · 1 June 2025CUiF is a UN-PRI signatory and leader in Responsible Investing. Co-development partner with Auspice for the Commodity Evolution (ACE) strategy, an ESG-aligned tactical commodity and energy transition institutional solution.
• Pension Plan for the Employees of Concordia University (PPECU)coreStrategic or Co-development Partner · 1 June 2025Co-development partner alongside CUiF for the Auspice Commodity Evolution (ACE) strategy, providing institutional input on ESG-aligned inflation protection product design.
• Direxion InvestmentscoreChannel Partner/ Reseller/ DistributorDirexion is a US-based provider of leveraged and alternative ETFs. Auspice licenses its Broad Commodity Index to Direxion for the Direxion Auspice Broad Commodity Strategy ETF (COM), listed on NYSE. COM is the only Morningstar 5-star rated commodity ETF.
• CI FinancialminorChannel Partner/ Reseller/ DistributorCI Financial is a Canadian wealth management firm. Listed on Auspice Partners page; specific product or distribution arrangement not detailed in available source material.
• Purpose (Walter-Gam)minorChannel Partner/ Reseller/ DistributorWalter-Gam (associated with Walter Global Asset Management) is listed as a partner. Specific product or channel arrangement not detailed in available source material.
• RCM AlternativesminorChannel Partner/ Reseller/ DistributorRCM Alternatives is listed on Auspice's Partners page. Nature of partnership not further detailed in available source material.
• SGGGminorOthersListed on Auspice Partners page. Nature of partnership not detailed in available source material.
• RBC Investor Services TrustminorOthersRBC Investor Services Trust is listed on Auspice's Partners page, likely serving as a custodian or fund administrator for Auspice's investment products.
• TMX Group / NYSEcoreTechnology or IntegrationTMX Group (operator of Toronto Stock Exchange and TSX) and NYSE (New York Stock Exchange) are listed as partners. Auspice's proprietary indices (CCI, CGI, Auspice Broad Commodity Index) are calculated and published by the NYSE. TSX hosts Canadian-listed Auspice ETFs (CCOM, CCX).

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Man AHL (Man Group): Man AHL is one of the world's largest systematic/managed futures CTA managers running trend-following and multi-strategy quantitative programs across commodity and financial futures — directly comparable to Auspice's Auspice Diversified strategy in product category, systematic methodology, and institutional investor base.
• Systematica Investments: Systematica is a systematic/quantitative investment manager founded by ex-Man AHL CEO Leda Braga, running diversified trend and managed futures strategies across commodity and financial markets — directly comparable to Auspice's systematic CTA strategy.
• Winton Group: Winton is a leading London-based systematic/quantitative CTA manager applying scientific, research-driven trend-following and macro strategies across global futures — directly comparable to Auspice's rules-based systematic CTA approach and institutional client base.
• Aspect Capital: Aspect Capital is a London-based systematic trend-following CTA manager running diversified managed futures programs across commodities and financials — directly comparable to Auspice Diversified in strategy construction, trend-following methodology, and institutional distribution.
• Transtrend: Transtrend (a Robeco company) is a Netherlands-based systematic managed futures manager running diversified trend-following programs — directly comparable to Auspice Diversified in systematic trend-following methodology and institutional/fund-of-funds distribution.
• Campbell & Company: Campbell & Company is a US-based systematic/global managed futures CTA manager running discretionary and systematic trend-following programs — directly comparable to Auspice in CTA category, trend-following methodology, and pension/endowment client base.

Regional players

• CI Global Asset Management: CI Global Asset Management is a major Canadian asset manager and listed partner of Auspice. Comparable as a regional player offering alternative/commodity products and advisor distribution in Canada that overlaps with Auspice's 81-102 mutual fund and ETF channels within the same geography.

Broad incumbents

• WisdomTree (commodity ETFs): WisdomTree is a global ETF sponsor offering broad commodity and enhanced commodity strategies. Its product set overlaps with Auspice's Auspice Broad Commodity and Direxion COM ETF, particularly around commodity beta and inflation protection themes, though WisdomTree is a much larger broad incumbent.
• Invesco (commodity and alternatives): Invesco is a global asset manager with significant commodity ETF and alternative strategy offerings (e.g., Invesco DB Commodity Index Tracking Fund). It competes broadly with Auspice's commodity ETF and institutional mandates as a large incumbent.
• PIMCO Commodity and Alternative Strategies: PIMCO is a major global asset manager offering commodity-related strategies and managed accounts alongside fixed income. It competes with Auspice for institutional pension mandates around commodity/CTA allocations as a broad incumbent, though PIMCO's commodity exposure is much smaller than its fixed income franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• Xx.com/AuspiceCapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Auspice Capital