Founder capital invested alongside clients
Proven through past crises, built for uncertainty
Investment philosophy rooted in survival and epistemic humility
Key Offerings
Absolute Return
Actively Managed
Income Fund
A short-duration, multi-asset, absolute return income strategy designed to preserve capital and deliver durable yield across market cycles.
The portfolio is diversified across asset classes, return drivers, sources of risk and failure, and correlation profiles. It is not reliant on any single market regime or factor.
It allocates across credit, dividend-paying equities, hybrid securities, arbitrage and basis trades (with negative correlation to risk assets), and insurance-linked instruments (with low-to-zero correlation to traditional markets).
The strategy is built to adapt to changing macro environments while helping preserve real purchasing power over time—protecting investors against the long-term erosion of fiat value, something traditional fixed income investments cannot address.
It complements a 60/40 portfolio as a modern substitute for the fixed income sleeve, or stand alone as a conservative, yield-focused investment solution.
Absolute Return
Actively Managed
Growth Fund
A long-biased, absolute-return capital appreciation strategy designed to compound over time with the aim of preventing large drawdowns.
The portfolio draws from a diversified set of return sources, with a core focus on global equities across sectors and industries. Positioning is informed by bottom-up valuation, macro and geopolitical inputs.
Like the Income Fund, the portfolio is diversified across return drivers, sources of risk and failure, and correlation profiles. The strategy also employs active management — such as tactical hedging — to minimize drawdowns while preserving upside convexity.
The Growth Fund, therefore, does not need equity markets to perform to deliver positive returns.
This approach has delivered equity returns net of fees with materially lower drawdowns: –5% in March 2020 (vs. –33% S&P500), 10% in 2022 (vs. –18% S&P500), and near-zero impact during the April 2025 drawdown.
SMAs
We offer Segregated Managed Accounts (SMAs) for institutional investors seeking dedicated portfolio mandates.
These discretionary mandates allow investors to access our core investment principles through a portfolio tailored to their specific objectives, liquidity requirements, or regulatory constraints.
Assets remain fully segregated and managed under a dedicated mandate, providing enhanced transparency and control while benefiting from the same investment philosophy and process applied across our strategies.