Crosscurrent Capital is a private investment vehicle managing a macro-driven, factor and risk-optimised portfolio across rates, credit, and equities in the US, Europe, and the United Kingdom.
The portfolio is constructed top-down from a view of the macro cycle, then refined through factor and risk optimisation. The objective is durable, cycle-aware return: neither chasing momentum nor anchored to a fixed allocation.
Allocation is anchored to a view of growth, inflation, and policy across the major developed economies. Scenarios are weighted, not predicted.
Positions are sized by their underlying exposures: duration, credit, equity beta, carry, quality. Diversification is measured at the factor level, not by instrument.
Optimisation respects soft caps on individual positions and on aggregate factor exposure. The aim is robustness across regimes rather than maximum return in any one.
The investable universe is deliberately narrow: government and corporate fixed income, public equities, and selected real estate credit across the US, Europe, and the UK. Within that universe, the portfolio is built to express macro views efficiently and to harvest carry where it is compensated for the risk taken.
Decisions are evidence-based. Frameworks are tested against historical regimes. Positions are reviewed against their original thesis, and resized when the thesis changes, not when the price does.