The public side of the house is not outsourced. We run our own public book, allocating directly across the tape where listed instruments best express our views on regime, risk, and opportunity.
Concentrated long and short positions across public markets, underpinned by fundamental research, disciplined underwriting, and clearly defined catalysts.
Strategic exposure across sovereign rates, investment-grade credit, and duration, providing portfolio ballast, liquidity, and tactical flexibility.
Opportunistic investments across structured, stressed, and special-situation credit where complexity or market dislocation creates attractive risk-adjusted returns.
Catalyst-oriented investments across mergers, restructurings, SPACs, and other special situations with asymmetric return profiles.
Structured access to private and pre-public opportunities, including discounted secondary transactions and negotiated PIPE investments.
Discretionary investments across rates, currencies, commodities, and global indices, informed by macroeconomic, policy, and geopolitical analysis.
We use public markets exposures to complement operating businesses, real estate, and private deals — adding liquidity, hedges, and asymmetric upside where it belongs. Six sleeves span the tape, each run in-house, with a global macro desk reading the world independently behind it.