Dallas, Texas-based Pyxis Capital, L.P. has launched the Pyxis Natural Resources Fund to invest all of its assets in the Ascendant Natural Resources Master Fund, which is managed by Ascendant Advisors, LLC.

The Pyxis Natural Resources Fund, through the Master Fund, bets on equities of natural resources companies and is benchmarked to the S&P North American Natural Resource Sector Index. The fund will also invest in sectors such as timber and agribusiness, which are not included in the traditional natural resource indices.

“Adding Ascendant’s strategy to our platform provides an attractive and timely asset class to our mutual fund offerings,” stated Joe Dougherty, President of Pyxis Capital. “Their unique approach may help investors and advisors diversify portfolios and potentially employ an inflation hedge via an increasingly important sector.”

“Inflation has been prevalent in our economy since the creation of the Federal Reserve, abandonment of the gold standard, and the ongoing quantitative easing that began in late 2008,” stated Todd Smurl, portfolio manager of Ascendant’s Natural Resources Master Fund. “Our current outlook calls for more of the same, and we view natural resources equities as an attractive hedge in this environment.”

Ascendant Advisors, LLC was founded in 1970 and is one of the oldest independent registered investment advisers in Texas.

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