Do it for me
Comprehensive Alternatives. One investment.
For investors who’d rather hand the wheel to professionals than spend weekends researching trend followers and volatility specialists.
The Challenge
The Alternative Investment Challenge
Building a properly diversified alternative portfolio presents significant challenges for most investors. If you’ve looked at our SMA platform and felt overwhelmed by the choices, or found our recommended liquid alternatives don’t quite provide the comprehensive exposure you’re seeking, you might be wondering, “Can someone just handle all of this for me?”
Accessing leading managers traditionally requires:
Capital Intensive
Often $10+ million to meet various manager minimums
Extensive Research
Evaluating dozens of managers across strategy types
Multiple Accounts
Managing separate relationships and platforms
Ongoing Oversight
Continuous monitoring and rebalancing across strategies
Meanwhile, many liquid alternatives must significantly modify their approaches to fit regulatory frameworks, often diluting the effectiveness of the underlying strategies.
The Solution
The Cockroach Strategy
Broad Diversification, Authentic Strategies
RCM Alternatives has partnered with Mutiny Funds to solve these challenges, creating a comprehensive multi-manager solution that pools investor assets to access institutional-caliber alternatives through a single investment.
35+
Diversified Managers Working Together
The Cockroach Strategy provides exposure to:
Authentic Trend Following
with full trading flexibility across global markets
Sophisticated Volatility Strategies employing advanced options techniques
Energy Traders
with deep expertise in complex energy markets
Experienced Active Equity Traders focusing on specific sectors and market inefficiencies
Global Macro Approaches responding to economic conditions worldwide
Agricultural Specialists
navigating unique commodity market dynamics
Relative Value Strategies identifying pricing inefficiencies across asset classes
Specialized Approaches including dividend futures and short-term systematic trading
All professionally selected, monitored, and balanced in one portfolio.
Beyond Conventional Alternative Approaches
| Implementation Challenge | Cockroach Fund Solution |
|---|---|
| Watered-down strategies in liquid alt funds | Strategies run in their intended form, without regulatory watering-down |
| High minimums for direct manager access | Access 35+ seasoned managers with one $100K investment |
| Complex research and selection process | Professional manager selection and continuous oversight |
| Multiple accounts and platforms | One streamlined investment vehicle |
| Self-directed rebalancing | Systematic rebalancing across strategies, handled for you |
| Limited access to specialized strategies | Exposure to unique approaches typically unavailable to individuals |
The Power of Pooled Capital
By combining investor assets, the Cockroach Fund seeks to provide access and structure that can be difficult for individual investors to achieve on their own.
Access to Closed Managers
Exposure to managers who may not typically accept individual accounts.
Position Sizing Across Strategies
Allocations sized across numerous strategies in pursuit of broader diversification.
Pooled Negotiating Position
Combined assets may support more favorable terms and access than smaller individual allocations.
Strategy Implementation
Strategies pursued in their intended form, outside of ’40 Act regulatory constraints.
Professional Portfolio Construction
Strategy mix selected and weighted by an experienced investment team.
Ongoing Monitoring
Continuous review of managers and allocations, so you don’t have to do it yourself.
Portfolio Construction
Strategic Portfolio Leverage
The Diversification Advantage
Harnessing the Rebalancing Effect Across Uncorrelated Strategies
When dozens of strategies with low correlation to one another are combined, much of the idiosyncratic risk of any single manager or approach can be diversified away. What remains is a portfolio whose volatility is driven more by the mix than by any one component. Systematic rebalancing among these return streams, trimming what has run up and adding to what has lagged, seeks to capture a rebalancing effect over time. This portfolio-level risk profile is what may allow for the measured application of modest leverage, within defined risk parameters.
Volatility Weighted
Managing the portfolio toward a defined volatility range rather than letting any single strategy dominate.
Rebalancing Effect
Systematic rebalancing across low-correlation return streams, seeking to add incremental value over a static allocation.
Capital Efficiency
Futures-based strategies tend to require less cash to hold a given position, which frees up capital to spread across more of the portfolio rather than leaving it underused.
Consistent Risk Management
The portfolio isn’t built to predict the next environment. A steady process keeps each strategy’s weight and the portfolio’s overall risk within defined ranges, so no single approach takes over after a strong run.
Why Choose the Cockroach Strategy
True Strategy Diversification
Across multiple approaches and markets.
Authentic Implementation
Without regulatory compromise.
Strategic Leverage Application
Enhancing the power of diversification.
Professional Portfolio Construction
Strategy mix selected and weighted by an experienced investment team.
Simplified Investment Experience
Through one streamlined vehicle.
Institutional Access
At a fraction of the typical capital requirement.
At a glance
Investment Details
Everything you need to know, in one place.
Investment Minimum
$100K
Access 35+ seasoned managers from one streamlined investment.
Liquidity
Monthly
10 business days notice for redemptions.
Your Time
15 min/qtr
Minimal effort. We handle the heavy lifting.
Reporting
Monthly + Quarterly
Performance updates plus quarterly in-depth reviews.
Ideal for
Investors seeking comprehensive alternative exposure through one professionally managed investment.
Ready for Comprehensive Alternative Exposure?
Get started with The Cockroach Fund in three simple steps:
Step 1:
Schedule a Consultation
Discuss how the Cockroach Fund fits within your investment strategy.
Step 2:
Complete Simple Paperwork
Our team handles the streamlined account setup.
Step 3:
Make One Investment
Gain access to 35+ alternative strategies.
Disclaimer
This webpage provides information regarding the Cockroach Strategy inside of the commodity pool known as the Cockroach Fund LLC (the “Fund”), which is managed and operated by Mutiny Funds, LLC and Attain Portfolio Advisors LLC (the “Manager”), a wholly owned subsidiary of RCM. Investments in the Fund are only available to accredited investors as defined in Rule 501 of Regulation D of the Securities Act of 1933. The pool looks primarily to commodity interests as its principal intended source of gains and primary risk of loss.
This presentation is being provided for information and discussion purposes only and is qualified in its entirety by the information included in the Fund’s offering documents and supplements (collectively, the “Memorandum”) described herein. Any offer or solicitation of the Fund may be made only by delivery of the Memorandum. Before making any investment in the Fund, you should thoroughly review the Memorandum with your professional advisor(s) to determine whether an investment in the Fund is suitable for you in light of your investment objectives and financial situation. The Memorandum contains important information concerning risk factors, including a more comprehensive description of the risks and other material aspects of an investment in the Fund, and should be read carefully before any decision to invest is made.
This is not intended for European investors, and nothing herein should be taken as a solicitation of such investors.