Investment Objective
The objective of the Global Macro Fund sub-fund is to offer investors long-term capital gains through a flexible allocation of its assets. In view of the Global Macro strategy this sub-fund implements, the sub-fund seeks to profit from changes in the global economy. Therefore, investors’ attention is drawn to the fact that the sub-fund may use a broad range of instruments to successfully implement this strategy and to adapt to changes in the relevant economies. Essentially, the sub-fund dynamically allocates asset classes within a portfolio comprised of equities, bonds and convertible bonds, money market instruments and cash and cash equivalents.
Latest Meeting Note
Meeting Note 29 May 2015
GR met with Patrick Armstrong and Eugen Fostiak. The pair joined Plurimi earlier this year and have continued to invest by combining long term macro trends with systematic forecasting and risk management. By using a risk budgeting approa...
GR met with Patrick Armstrong and Eugen Fostiak. The pair joined Plurimi earlier this year and have continued to invest by combining long term macro trends with systematic forecasting and risk management. By using a risk budgeting approach to allocating capital, they seek to maintain portfolio consistency and maximise returns with pre-determined risk levels over time. The team are not shy of using both alpha and beta components to construct their portfolio as they see both as complimentary return streams for the portfolio to utilise. The result is a diversified portfolio of equities, bonds, real assets, commodities and FX positions. The approach has delivered interesting returns over time that are ahead of their core objective which is to provide a risk premium above inflation.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.0 | 0.2 | 0.5 | 0.1 | 0.1 | 0.7 | 0.4 | 0.3 | 0.7 | 0.6 | 0.2 | 0.6 | 0.9 | |
| 2022 | 0.1 | 0.1 | 0.4 | 0.2 | 0.2 | 0.8 | 0.7 | 0.9 | 0.3 | 0.5 | 0.4 | 0.2 | 0.8 |
