SATURN MACRO
OPPORTUNITIES
Causal structure │ Opportunistic discretion │ Conviction with discipline
Approach: The Saturn Macro Opportunities Fund is grounded in a system-level view of global macro forces, the strategy acts where structural drivers and market-implied expectations materially diverge—expressing research-led, discretionary conviction across asset classes with calibrated sizing, explicit catalysts, and pre-set review cadences.
We form theses from coherent scenarios, reconcile to the market baseline, and express through instruments and sizes that reflect propagation across assets, not single-line bets.
Objective: Deliver attractive absolute returns over the full cycle by recognising structural change early and positioning ahead of those transitions—within defined risk limits.
Focus: Structure over noise. We engage regime shifts, policy transitions, and cross-asset dislocations through directional and relative-value expressions across fixed income, currencies, emerging markets, equities, and commodities—scaled deliberately, reduced by pre-set exit triggers, and governed from a total-portfolio view.
SATURN MACRO
OPPORTUNITIES
The Saturn Macro Opportunities Fund is a discretionary macro strategy built on a single premise: opportunity emerges at the surface where the structure of the macro system shifts. We interpret markets through their causal architecture, discerning where surface pricing diverges from underlying reality.
The strategy is resolutely structural, not thematic. It seeks the moments when macro forces break from prior equilibria, when imbalances begin to resolve, or when consensus pricing has failed to absorb genuine change. Conviction is earned through depth of understanding; expression is disciplined and dynamic.
The result is a portfolio designed not to chase turbulence, but to recognise the causal patterns beneath the surface—capturing high-impact opportunity while sustaining coherence across evolving market conditions.