Investment Objective
A global macro seeking to generate positive returns in both rising and falling markets. The portfolio is built around 7 discretionary macro managers at Graham Capital Management. The fund emphasizes macro directional trading across liquid global markets. Includes both discretionary trading strategies as well as a quant macro strategy.
Latest Meeting Note
Meeting 20 Oct 2020
Graham Macro UCITS (multi-PM) is a diversified, trading-oriented macro strategy that allocates to five discretionary portfolio managers (each with over 20 years of investment experience) and to the Graham Quant Macro Systematic trading s...
Graham Macro UCITS (multi-PM) is a diversified, trading-oriented macro strategy that allocates to five discretionary portfolio managers (each with over 20 years of investment experience) and to the Graham Quant Macro Systematic trading strategy (22% of the risk). The five underlying discretionary macro strategies include: Opportunistic Sector Trading, Global Monetary Policy, Macro Data Driven, Discretionary Macro Technical and Macro Quant Alpha II, with the portfolio aiming to maintain differentiation across market sectors, trading time frame (from intraday to longer term horizon) and implementation. Importantly, each PM has the ability to trade tactically and independently (no “House view”), with more concentrated (directional) bets on high conviction opportunities. The fund is asset allocated ona monthly basis by Graham’s Investment Committee.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.4 | 0.7 | 0.8 | 0.1 | 0.2 | 0.5 | 0.5 | 0.9 | 0.8 | 0.7 | 0.0 | 0.4 | 0.4 | |
| 2022 | 0.1 | 0.5 | 0.5 | 0.3 | 0.0 | 0.1 | 1.0 | 0.5 | 0.7 | 0.8 | 0.4 | 0.1 | 0.5 |
