We chart the terrain
before we take the position.
Inverness Fund is an independent investment manager built around a single discipline: mapping risk before committing capital to it. We hold concentrated, long-horizon positions across global rates, currencies, and credit.
Conviction is earned through preparation, not defended through confidence.
We are not a fast-money shop. Every thesis at Inverness Fund is stress-tested against the scenarios we hope never happen, before it is sized against the ones we expect.
Map the terrain
We build a full topology of a macro thesis — correlations, second-order effects, and the paths that break it — before a dollar is committed.
Size for the unknown
Position sizing is set by the worst plausible path, not the best one. Capital preservation is the mechanism that lets conviction compound.
Underwrite patience
Our best ideas take years, not quarters, to resolve. We are structured — and we structure our capital base — to hold through the interim noise.
"Most drawdowns are a failure of mapping, not a failure of markets. We would rather be early and small than late and large."
Inverness Fund manages capital for a small number of institutions, family offices, and long-term partners who share this orientation toward patient, research-led positioning. We are presently open to new institutional and qualified investor relationships.
Meet the investment team