regime-adaptive fund
A portfolio built for a new macro regiME
The Regime Adaptive Fund is a modern total portfolio strategy.
It blends traditional assets with systematic tactical trading strategies,
designed to deliver resilient returns across different economic and market regimes.
WHAT is a macro regime and why does it matter?
A macro regime is the combination of growth, inflation, interest rates and policy conditions that shapes how economies and markets behave. It is not a short-term cycle. It is the structural backdrop against which asset prices are set. And it changes — sometimes slowly, sometimes abruptly.
The reason it matters for investors is straightforward: assets that perform well in one regime can perform very differently in another. Bonds were excellent diversifiers when inflation was low and falling. Gold was a poor long-term hold during the Great Disinflation. Equities thrived in an era of cheap money and globalisation. None of those conditions are permanent.
The flaws in most investors' portfolios
Many investment portfolios are based on the standard 60/40 (equity/bond) approach.
That approach worked well for the era of falling inflation but that regime is now over
There are three flaws with conventional portfolios.
1. Equity dominance
Most portfolios look diversified by label but are dominated by equity risk in practice. When markets fall sharply, most assets fall with them.
2. Broken bond diversification
Since 2020, bonds and equities have fallen together. The bond-equity correlation has flipped — the foundation of the 60/40 is compromised.
3. static allocation
A fixed allocation cannot adapt to changing regimes. It was optimised for conditions that no longer exist and cannot respond when they shift again.
how the fund is constructed
The Regime Adaptive Portfolio takes a modern Total Portfolio approach to asset allocation.
It blends growth assets and diversifying assets with a meaningful allocation to alternative investment strategies.
The alternative strategies are tactical and adaptive in nature, adjusting exposure as macro conditions evolve.
They act as the portfolio’s midfield, actively tilting the portfolio between growth and defence rather than remaining static.
portfolio risk
Portfolio risk is deliberately balanced:
40% allocated to growth assets, 20% to diversifying assets, and 40% to adaptive strategies.
institutional techniques
Institutional techniques such as return stacking are used to improve capital efficiency.
Total investment exposure of approximately 150%.
greater balance
The portfolio offers more investment exposure but greater balance across assets and strategies
