Macro Convexity

Description: A discretionary global macro strategy whose goal is to provide absolute returns that are uncorrealted to equities and most risk assets by using a capital efficient, high sortino, derivatives based trading approach.

Correlation: Uncorrelated

Focus: Asymmetric global macro themes in G7 and liquid EM in most asset classes (Rates, Credit, FX, Commodities and Equities).

Instruments: Creative structures using listed and OTC derivatives.

Structure: Fund of One / SMAs

Negative Correlated Alpha (NCA)

Description: A dynamincally traded, macro based, multi-asset class risk mitigating strategy (Tail Risk) whose goal is to produce highly convex payouts during  turbulent “risk off” environments. The strategy targets different attachment points while aiming to maintain a low drag during benign, low volatility, “risk on” environments.

Correlation: Negatively correlated to most risk assets.

Focus: Mispriced hedging opportunities in liquid markets (Equities, Credit, Rates, FX & Commodities), mispriced correlations in all asset classes, proactive and reactive trades using creative derivatives structuring and a dynamic monetization strategy.

Instruments: Creative structures using listed and OTC derivatives.

Structure: Bespoke SMAs /Fund of One – Commigled Fund

Macro Dislocations

Description: A bespoke discretionary strategy that combines Macro Convexity and Negative Correlated Alpha whose goal is to provide negative correlated convexity during “risk-off” enviroments while maintaning a carry neutral profile during benign, low volatility market environments.

Correlation: Negative to risk assets

Focus: Asymmetric global macro themes in G7 and liquid EM in most asset classes (Rates, Credit, FX, Commodities and Equities).

Instruments: Creative structures using listed and OTC derivatives.

Structure: Fund of One / SMAs