What other Funds offer

• Many global macro funds place concentrated bets in a limited number of markets... global by name.
  

• Many global macro funds adopt a trend following approach, and thus are unable to benefit from turning points, instead suffer when they occur.

• Many global macro funds place their emphasis on stock selection

• Macro asset allocation usually takes the form of small deviations from neutral weighting of an international index
  
  
• As a result, performance suffers from stock exposure to bear-markets.... macro by name.

• The facts: 80% of stock picking active funds under-perform the benchmark market indices. 90% of positive fund performance is due to macro asset allocation.

• Risk: Many funds suffer from 'blow-up risk', which is not captured by standard risk measures due to survivor bias. While performance may be good for many years and volatility low, this is no good, if investors end up losing everything in the end. Blow-up risk is a function of
  
  a) liquidity of instruments and fund investments
  b) degree of concentration
  c) leverage.

What we offer: A fund that...

a) focuses on international macro asset allocation, without micro bets

b) minimises risks, including blow-up risk (highly liquid instruments, fund liquidity weekly, highly diversified across 37 countries and 3 asset classes, zero leverage)

c) is based on a fundamental forecasting model - our proprietary liquidity approach - that aims to also forecast turning points

d) maximises absolute return

e) ... is a true global macro fund by name and nature

Other Unique Features:

1) Due to a mainly long-only approach, risks and costs are minimized, while returns can be highly attractive.

2) The fund management is totally independent of large corporate or financial groups. There are no conflicts of interest.

3) The fund is based in the safe and independent Principality of Liechtenstein. Fund assets are not taxed.

Investment Methodology

How do we invest? Analysing credit creation (liquidity), our approach determines the state of the business cycle in each country and forecasts exchange rates. Based on this, long positions in assets are allocated globally.

We buy the entire equity market of a country where liquidity is rising (recovery phase), bonds of a country where liquidity is falling (downturn).

We take positions in currencies according to our liquidity currency model, by either buying cash or combining a currency position with a long equity or bond position.

We invest in Equities (overall market exposure), Bonds, Cash and deposits (in all currencies).

Fund Management Track Record


Click here to see the performance of the Profit Global Macro Fund.

Legal Structure