Three markets. One discipline.
Inverness Fund runs a concentrated, discretionary macro book across global rates, currencies, and credit. We do not disclose live positions publicly — this page describes our mandate and process, not our current book.
Global sovereign rates
Directional and relative-value positioning across developed and select emerging sovereign curves, sized around central bank policy paths and term-premium dislocations.
G10 & select EM currencies
Currency positioning built on capital-flow and terms-of-trade research, held over multi-quarter horizons rather than short-term carry or momentum.
Sovereign & corporate credit
Selective credit exposure where mispriced default or refinancing risk offers an asymmetric entry, typically expressed through liquid instruments.
Three constraints that sit above every trade.
Position caps
No single thesis may exceed a fixed share of portfolio risk, regardless of conviction.
De-risking triggers
Pre-agreed drawdown levels automatically reduce gross exposure, removing discretion in stress.
Liquid instruments only
The book is expressed through liquid, exchange-traded and major-market OTC instruments to keep exit paths open.
Structured for qualified and institutional investors.
Full strategy documentation, performance history, and terms are available to qualified and institutional investors under a confidential offering memorandum. Reach out to request access.
Request the offering memorandum