Our Approach
Why Global Macro
Markets are moved by big forces: growth, inflation, interest rates, policy and geopolitics. Global macro investing aims to anticipate these shifts and express views, long or short, across equity indices, interest rates, currencies and commodities.
01
Unconstrained
Not tied to a benchmark, a single asset class or the direction of markets.
02
Diversifying
Aims to deliver returns with low correlation to traditional equity and bond portfolios.
03
Liquid
Positions are held in deep, liquid markets, so exposures can be adjusted quickly.
04
Built for Change
When stocks and bonds fall together, a macro strategy can seek to profit from the dislocation rather than be hurt by it.
Our Focus
The Opportunity in Asia
Asia is the engine of the world economy. It produces the majority of global growth and is home to more than half the world’s population, yet most portfolios remain anchored to the US and their home market. We invest globally, with a deliberate tilt towards the region.
01
Divergent Policy
The Bank of Japan’s normalisation, China’s stimulus and India’s structural growth have central banks moving at different speeds, creating opportunities in rates and currencies.
02
Structural Themes
Supply-chain realignment, the AI and semiconductor cycle in Taiwan and Korea, and the region’s demand for energy and commodities.
03
Australia as a Gateway
The Australian dollar and commodities are closely tied to Asian growth, offering liquid ways to express regional views.
04
In the Time Zone
Based in Sydney, we trade Asian markets in real time.