U Access (IRL) Trend Macro

Investment Objective

The fund is a discretionary global macro fund that seeks to identify and capitalize on fundamental trends in currencies, interest rates, credit and equity in both developed and emerging markets. The Fund primarily trades fixed income, foreign exchange, equity indices, credit indices, sovereign credit and related derivatives across all liquid markets. The fund does not trade individual equities, individual credits without significant government ownership, or physical commodities for speculative purposes. Generally, trades are diversified by geography and asset type, as well as by “risk on” versus “risk off” with the goal of capital appreciation regardless of market direction and with little or no correlation to a broad range of indices

Latest Meeting Note

Meeting 23 Mar 2021

Trend Capital is a $1bn discretionary global macro firm based in Florida founded in 2011 by Ashwin Vasan (CIO). The firm currently employs 17 employees, 7 of which are investment professionals. The U Access (IRL) Trend Macro fund trades ... Read more

Trend Capital is a $1bn discretionary global macro firm based in Florida founded in 2011 by Ashwin Vasan (CIO). The firm currently employs 17 employees, 7 of which are investment professionals. The U Access (IRL) Trend Macro fund trades Rates, Credit, FX, Equity Indices both in DM and EM based on deep fundamental research, with the portfolio typically invested across 5 to 10 ‘high potential’ macro themes, with an average holding period of 3-6 months. Some of the current themes (at the time of writing) include: interest rates moving higher in the US, selective opportunities to be long Local Rates and FX (e.g. Egypt) founded in non-dollar currencies to eliminate dollar bias (which is expected to get stronger as interest rates rise), credit restructurings in EM (e.g. Chinese Real Estate).

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2020 0.2 0.1 0.2 0.2 0.6 0.7 0.5 0.2 0.1 0.1 0.0 0.9 0.6
2019 0.4 0.3 0.8 0.3 0.4 0.8 0.1 0.9 0.2 0.5 0.6 0.0 0.1

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