Investment Objective
The fund employs a global discretionary macro strategy, trading across global rates, FX, commodities, equity indices, and sectors in multiple geographic regions. Unlike most macro funds, the strategy’s investment process does not begin with the formation of an economic view or outlook. Instead, it starts with modelling asset price behaviour and fundamentals to identify exploitable investment opportunities arising from macroeconomic and market dislocations driven by asset class features, positioning, market structure, investor behaviour, and regime shifts across global markets.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.3 | 0.8 | 0.4 | 0.9 | 0.9 | 0.1 | 0.1 | 0.5 | 0.1 | 0.5 | 0.6 | 0.6 | 0.6 | |
| 2024 | 0.4 | 0.9 | 0.4 | 0.8 | 0.2 | 0.8 | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 0.6 | 0.9 |
