These strategies represent the culmination of a dynamic internal competition between our Quantitative Trading and Asset Management departments.
This strategy uses Hierarchical Cluster construction for assets with similar behaviour and allocates inter-cluster weights using Risk Parity so that each cluster contributes the same amount of risk to the overall portfolio.
The intra-cluster weight distribution is also constructed with Risk Parity. In the beginning of each quarter, the weights are rebalanced to assert possible regime changes, enforcing a strategy that minimizes tail risk and prioritizes robustness.
The asset universe is constituted by a diversified set of instruments, including commodities (metals, energy, and agricultural products), S&P 500 equities, and the eight cryptocurrencies with the biggest market capitalization.
The Guardian Portfolio is structurally designed with a strict capital preservation mandate and steady income generation, targeting an annual stable return of 3% to 5%. Our primary investment thesis centers on a robust, risk-averse allocation predominantly utilizing fixed-income securities, as well as a controlled exposure to blue-chip equities to edge the market. The typical investor profile for Guardian is highly conservative, prioritizing wealth protection, steady income generation and low volatility over aggressive capital appreciation.
Our targeted benchmark is an 80/20 composite (80% Bloomberg Global Aggregate / 20% MSCI World). The Bloomberg Global Aggregate Index represents a broad, stable base of global investment-grade fixed-income debt, serving as the ultimate standard for capital protection. The MSCI World Index captures developed-market equity performance and provides the controlled equity edge that complements the fixed-income core.
The Market+ Portfolio is structurally designed as a balanced and highly diversified fund, aiming to capture steady, long-term capital appreciation. Targeting an annualised return of ≥9%, the strategy uses a dynamic allocation across thematic equity ETFs, high-quality individual stocks, gold and fixed-income securities. Tailored for investors seeking comprehensive market exposure, the fund embraces standard market risk while engineered diversification is intended to deliver superior, more stable performance over the cycle.
Market+ focuses on maximising long-term capital growth through a diversified allocation across gold, bonds, thematic ETFs and high-quality individual equities. The absolute performance target is an annualised return of ≥9%, with a relative mandate to consistently outperform the MSCI ACWI.
The Horizon Portfolio is a high-conviction growth vehicle, seeking to maximise long-term capital appreciation through concentrated exposure to global equities across technology, healthcare, critical materials and energy transition. The fund targets an annualised return of ≥15–20% over the cycle, with an investment horizon of 3 to 5 years per position. The typical investor profile is aggressively growth-oriented, with a high tolerance for volatility and an unwavering belief in active stock selection over passive replication. Horizon carries no obligation to hold ETFs or fixed income — every position must earn its place through a thesis.
Our targeted benchmark is a 70/30 composite (70% MSCI World / 30% MSCI Emerging Markets), reflecting Horizon's structural bias toward high-growth economies. Outperforming this blended benchmark on a risk-adjusted basis over a full market cycle is the fund's primary objective — achieved through conviction, not diversification.