About Us
About Strand Global Macro Fund
A discretionary, multi-strategy investment platform built on rigorous bottom-up fundamental analysis, detailed financial modelling, and macro-informed strategy. Built by students who take markets seriously, we pair institutional-grade research processes with the intellectual energy and meritocratic ethos of a university environment.
Investment Philosophy
How We Think About Markets
Our investment process integrates multiple analytical lenses. We believe the best risk-adjusted returns come from combining deep fundamental research and disciplined financial modelling with a clear macro framework and quantitative methods.
Top-Down Macro Thinking
We analyse global macroeconomic trends, central bank policy, and geopolitical developments to identify structural themes and regime shifts that shape the investment landscape across asset classes.
Bottom-Up Fundamental Analysis
Every position is underpinned by rigorous fundamental research. We build detailed financial models, assess valuation frameworks, and evaluate company-specific catalysts to validate our macro-driven hypotheses at the security level.
Quantitative Modelling
We complement our discretionary process with systematic screens, factor analysis, and statistical models to identify mispriced opportunities and validate signals across our investment universe.
Risk-First Process
Every position begins with a clearly defined risk envelope. We establish stop-losses, scenario analyses, and correlation-aware sizing before committing capital. Drawdown management is embedded in every decision.
Our Framework
Research & Investment Process
Every allocation decision flows from a structured, four-stage framework that translates macro analysis and fundamental research into actionable portfolio positions.
Macro Regime Mapping
Assess the current macro regime: growth trajectory, inflation dynamics, central bank stance, and credit conditions. This top-down view anchors our portfolio orientation and risk appetite.
Theme & Idea Generation
Identify structural and cyclical themes from regime analysis alongside bottom-up screens. Fundamental research validates each idea through financial modelling, valuation work, and catalyst mapping.
Instrument Selection
Select the optimal instrument and asset class to express each theme. Consider liquidity, carry, convexity, and the risk-reward profile of each instrument.
Portfolio Construction
Combine positions into a portfolio that balances directional conviction with diversification. Monitor cross-asset correlations and ensure the aggregate risk is consistent with our mandate.
Strategy
Multi-Strategy Mandate
We operate across four complementary strategy verticals, each designed to capture different sources of alpha while contributing to portfolio diversification.
Macro Directional
Core macro bets expressed through equity indices, sovereign bonds, and currency pairs based on our regime and theme analysis.
Relative Value
Cross-market and cross-curve relative value trades that exploit mispricings between related instruments and geographies.
Fundamental Equity
Concentrated single-name equity positions driven by deep fundamental analysis, financial modelling, and bottom-up valuation work alongside structural secular themes.
Tactical Overlays
Short-term tactical positions around key macro events such as central bank decisions, elections, and data releases.
Culture
Meritocratic by Design
Strand Global Macro is built on the principle that the best ideas should win. Seniority does not confer correctness. Every member, regardless of experience, has an equal platform to present research and challenge consensus.
Intellectual Rigour
Every thesis is challenged through structured debate. We value the quality of reasoning over seniority. The best idea wins, regardless of who presents it.
Radical Transparency
All research, trade rationale, and performance data are shared openly across the team. Mistakes are analysed as learning opportunities, not hidden.
Continuous Learning
Members are expected to deepen their understanding of markets, economics, and quantitative methods. We run regular reading groups and internal seminars.
Ownership & Accountability
Analysts own their research coverage and recommendations from start to finish. Strong accountability fosters pride in the work and sharper thinking.
Ready to Join?
We are always looking for driven, intellectually curious individuals who are passionate about global markets, fundamental research, and multi-strategy investing.