Titan Macro Hedge
A multi-strategy global arbitrage fund capturing pricing gaps across rates, currencies, commodities and equity indices, with low correlation to equity markets.
- Target return
- 19.5%/yr
- Min. entry
- €25,000
- Fund size
- €340M
- Liquidity
- Monthly
Strategy
Titan runs a multi-strategy global macro book. Systematic signals identify dislocations between related instruments; a discretionary team sizes positions and manages risk around central-bank events.
The fund targets a 19.5% annual return with a 15% volatility budget, and aims to perform in both rising and falling markets.
Uncorrelated returns
0.18 correlation to global equities since launch.
Strict risk budget
15% target volatility with daily loss limits.
Liquid instruments
95% in exchange-traded futures and FX forwards.
Performance
NAV per unit
€242.50+142.5%
- 1 year
- +21.3%
- 3 years (annualized)
- +17.8%
- Since Mar 2020
- +142.5%
- Volatility
- 14.9%
Net of fees. Past performance is not a reliable indicator of future results.
Portfolio breakdown
By strategy
- Rates relative value30%
- FX carry & arbitrage25%
- Commodity spreads20%
- Equity index arbitrage15%
- Cash & T-bills10%
By region
- North America38%
- Europe27%
- Asia-Pacific24%
- Emerging markets11%
| Top exposures | Market | Strategy | Weight | YTD contribution |
|---|---|---|---|---|
| US 2Y–10Y curve steepener | US Treasuries | Rates RV | 11.5% | +3.2% |
| EUR/JPY carry | FX | FX carry | 9.8% | +2.4% |
| Brent–WTI spread | Energy | Commodity spreads | 8.2% | +1.6% |
| Euro Stoxx 50 dividend arbitrage | Equity index | Index arbitrage | 7.4% | +0.9% |
| Bund–OAT spread | Euro rates | Rates RV | 6.1% | −0.4% |
Fees & terms
- Management fee
- 2% / year
- Performance fee
- 20%, high-water mark
- Platform fee (subscription)
- 1%
- Lock-up
- 12 months
- Liquidity
- Monthly, 30-day notice
- Distributions
- None (accumulating)
- NAV frequency
- Weekly
- Domicile
- Luxembourg (SIF)
- Token standard
- ERC-3643
- Custodian
- EU depositary bank
Risk
Summary risk indicator
Level 6 of 7
- Leverage riskGross exposure can reach 4x the fund's NAV.
- Market riskMaximum drawdown of −11.2% in 2022.
- Counterparty riskDerivatives are traded with several prime brokers.
- Model riskSystematic signals may fail in new market regimes.
You may lose part or all of your investment. Read the risk disclosure and the Key Information Document before investing.
Documents
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Download
Prospectus
PDF · 4.1 MB · Updated May 20, 2026
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Download
Key Information Document (KID)
PDF · 0.4 MB · Updated May 20, 2026
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Download
Annual report 2025
PDF · 5.4 MB · Audited
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Download
August 2026 monthly letter
PDF · 0.8 MB · Sep 5, 2026
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Download
Subscription agreement
PDF · 1.2 MB · E-signed at subscription