SATURN GLOBAL
ALLOCATION
System-coherent portfolios │ Dynamic diversification │ Structural resilience
Approach: The Saturn Global Allocation Fund begins with the system, not the securities. Macro insight and principles-driven allocation shape portfolios that remain coherent as states evolve across equities, fixed income, alternatives, and selective private markets.
We reconcile market-implied baselines with research views and express the reconciled view as balanced, resilient exposure—neither point forecast nor tactical impulse.
Objective: Deliver disciplined, long-horizon, risk-adjusted returns by maintaining portfolio coherence through regime transitions, seeking resilience across conditions rather than reliance on single scenarios.
Focus: Structural diversification, not superficial spread. Exposures align with causal forces and are sized for total-portfolio balance, preserving composure through transitions while expressing conviction with respect for risk.
SATURN GLOBAL
ALLOCATION
The Saturn Global Allocation Fund rests on a simple principle: portfolios should mirror the macro system they inhabit. We conceive global markets as interconnected structures, shaped by evolving forces, and design allocations that remain coherent as those forces shift.
Rather than chasing outcomes, the fund focuses on causality—how regimes emerge, how pressures propagate across asset classes, and how portfolios must adapt when the underlying structure of the system changes.
From this foundation, the strategy balances opportunity with resilience. Exposures are assessed against the state of the system—reinforced when conviction strengthens, reshaped when dynamics turn, moderated when uncertainty widens.
The result is a portfolio that holds its coherence through cycles—responsive, not reactive; adaptive, yet principled.