Our strategy with its enhanced liquidity generates consistent returns without chasing the market.


We seek and deliver consistent alpha through market-neutral swap arbitrage.


Our strategy, systematically captures pricing inefficiencies in global currency swap markets where we generate stable, uncorrelated returns that are independent of the broader market direction. This approach offers our investors a reliable source of excess returns while enhancing overall portfolio diversification and reducing overall volatility.

We work with professional investors to help them achieve stable returns, independent of market direction...

Competitive Advantages

Persistent Alpha

We deliver persistent alpha  from structural inefficiencies in FX swap markets

Skills Based Returns

Stable, skill-based returns with near zero market correlation.

Reliable Performance

Reliable performance that doesn't depend on the markets mood

Our Investment Philosophy

Our strategy is market-neutral, meaning our returns are designed to be independent of the broader market’s direction; as such, we are aiming for profit whether the market moves up, down or sideways and delivering superior Risk-Adjusted Returns (RaR).


Our currency swap arbitrage strategies aren’t making a directional bet on a currency rising or falling as our positions are paired so that exposure to broad currency trends and macro events is hedged out, leaving our returns driven by the interest rate differentials and pricing inefficiencies we’re exploiting.


Our beta β to traditional markets (S&P500, FTSE100, bonds, etc.) is near zero as our fund’s performance doesn't materially track equities, commodities or broad FX moves as our risk and returns are tied to idiosyncratic pricing gaps in FX swaps, not the overall market climate.


For our clients, this is appealing because we act as a portfolio diversifier where we deliver true uncorrelated alpha ⍺ without adding correlation risk to clients' existing exposures.

Market Insight

We generate true uncorrelated alpha ⍺ from skill, strategy and our unique market insight and not from simply taking on market risk β.

Consistency

We deliver +ve net returns month on month, quarter after quarter with zero drawdowns across different market conditions.

Predictability

Built for predictability, we ensure steady, uncorrelated returns through our disciplined swap arbitrage process.

We are market neutral, meaning our returns do not depend on whether its a bull or bear market.

Our strategy maintains balanced hedged positions, designed to eliminate exposure to broad market trends, focussing solely on capturing mispricings in currency swap markets. This ensures performance is driven by strategy and execution and not by the direction of currencies, equities or interest rates.

From our Mayfair office we operate at the heart of London's capital network...

A highly liquid alternative with stable carry-like returns...

Capital preservation, downside protection and liquidity

Capital is protected from downside risk using institutional risk controls and we preserve capital through 100% hedging along with monthly liquidity and zero lock-up periods.

Process, infrastructure, scalability and compliance

Sharp and clear-cut, we can facilitate large asset allocators.

Uncorrelated Alpha, niche strategy and portfolio integration

Consistent positive returns across all market conditions from stable carry allows for integration in to the RV sleeve of a portfolio.

Strong performance matched by our operational strength...

Institutional Infrastructure

Regulated structures AIFM; FCA; CFTC, NFA; institutional service provider and prime brokers, robust compliance and risk oversight and independent NAV calculations.

High Capacity and Liquidity

High absorption capacity accommodating Dollar; Euro; Yen; Sterling and Swiss Franc allocations with high scaling provisions and high liquidity from T+5 redemptions.

Track Records and Metrics

Audited track records within niche swap arbitrage with superior RaR; a 20-year pedigree in hedge fund management across two vintages and multi-award wining.