Macro Investment Process and Portfolio Construction
A professional macro investment activity combining economic analysis, portfolio construction, and capital management.
Process
Structure of the Macro Investment Process
The structured investment process focuses on identifying macroeconomic regimes across inflation, growth, financial conditions and policy, then translating those insights into portfolio positioning.
The investment framework is designed to link the economy with the market — combining macroeconomic analysis with market pricing, sentiment, and positioning to anticipate regime transitions before they are fully reflected in asset prices. Implementation spans fixed-income, equity indices, currencies and commodities.
Capital has been managed on a discretionary basis using proprietary capital and third-party managed accounts, allowing the full investment cycle — analysis, execution, risk management, and performance review — to be exercised in real time.
This structure supports a disciplined and repeatable approach to macro investing, grounded in data, risk management, and accountability rather than short-term narratives.
Principles
Operating Principles of the Investment Process
Macro-Driven, Not Narrative-Driven: Investment decisions are anchored in macroeconomic fundamentals (growth, inflation, policy, and liquidity) and assessed in conjunction with market pricing, sentiment, and positioning. The objective is to identify regime shifts rather than react to prevailing narratives.
Structured Decision-Making and Risk Discipline: Portfolio decisions are taken within a predefined framework governing position sizing, risk limits, and drawdown control. Entries and exits are deliberate, and risk is continuously monitored across positions and market conditions.
Capital at Risk and Accountability: Macro views are expressed through live portfolios using proprietary capital and third-party managed accounts. Investment decisions are made with real capital at risk, ensuring accountability and continuous feedback between analysis and outcomes.
Transparency Through Process, Not Promotion: Performance and risk metrics are tracked through live trading and independent platforms. The emphasis is on process consistency and verifiable execution rather than hypothetical backtests or retrospective claims.