A firm organised around holding periods
Most firms organise around products. We organise around how long a position is meant to live, because that is what actually determines how it should be managed, risked and reported.
How the firm came about
We have not written this section yet. What matters to you is probably not the story anyway — it is who runs each desk, what they did before, and what happens to your money when a position goes against us. Ask us any of that directly and we will answer it.
How we work
The mandate is written before the money moves
Every relationship starts with a document setting out the allocation, the limits and what would cause us to change course. Nothing is bought before it exists. An allocation decided after the fact is not a strategy, it is a description of what happened.
The desks are separated on purpose
A scalping book and an eight-year gold bond need different risk limits, different reporting and different temperaments. Running them under one undifferentiated pot is how a firm ends up funding short-term losses with long-term capital.
Speculative exposure is capped in writing
Where a client wants crypto or short-term trading exposure, it is sized as a satellite allocation with a hard ceiling in the mandate. The ceiling is set when nobody is excited, which is the only time it can be set honestly.
We would rather lose the mandate than misstate the risk
If a desk is wrong for you, we will say so on the first call. That costs us business occasionally. It costs less than the alternative.
Who is accountable
The question you should be asking, and the answer we do not publish here yet.
We have not published the people running these desks yet. That is a gap, and you should treat it as one: before you give any firm money, ask who specifically is accountable for it, what they did before, and where you can check. Ask us on the contact page and we will tell you.