Performance
Monthly returns since launch.
Good months and bad months are reported with the same composure. The strategy does not change between them.
- 2025 return
- +43.4 %
- 2024 return
- +33.3 %
Monthly returns
2025.
2025
+43.4 % · full year- Jan
- +1.9 %
- Feb
- +2.8 %
- Mar
- +4.5 %
- Apr
- +6.3 %
- May
- +13.2 %
- Jun
- −3.4 %
- Jul
- +5.5 %
- Aug
- +0.2 %
- Sep
- +1.9 %
- Oct
- +3.2 %
- Nov
- +1.3 %
- Dec
- +0.1 %
Best month
+13.2 % · May
Worst month
−3.4 % · Jun
2024.
2024
+33.3 % · full year- Jan
- +1.3 %
- Feb
- +2.9 %
- Mar
- +3.8 %
- Apr
- −0.4 %
- May
- +1.5 %
- Jun
- +5.0 %
- Jul
- +8.4 %
- Aug
- +9.1 %
- Sep
- +2.1 %
- Oct
- −1.1 %
- Nov
- +2.1 %
- Dec
- −4.8 %
Best month
+9.1 % · Aug
Worst month
−4.8 % · Dec
Notes on the data
How to read these numbers.
Returns shown are net of trading costs, calculated on a time- weighted basis, and compound month over month. Figures are indicative of the strategy’s performance pool as a whole and may differ slightly from any individual client’s account owing to entry date, mandate, and fee tier.
Monthly objectives published against each mandate are targets derived from the strategy’s historical behaviour. They are not guarantees. The firm does not forecast future returns.
Down months are expected. June 2025 returned −3.4 % and December 2024 returned −4.8 %. The risk framework is sized so that such months are uncomfortable but not unusual, and the process continues through them unchanged.
Risk warning. Past returns do not predict future ones. Your capital is at risk — meaningfully at risk, not theoretically — and the strategy will have losing months and losing years as well as winning ones. If that is not a risk you are willing to take with this particular capital, the firm is the wrong fit.
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Understand how the strategy produces these numbers.
The method is rules-based and multi-asset. Read the strategy, or see the accounts and their indicative objectives.