Dealing deskLDN··:··VG··:··
File 01Mandate

A precision instrument for capital.

A gold-led programme, algorithmically informed, offered by introduction to private and institutional capital.

Strategy
Four registers
Inception
2023
Domicile
Tortola, BVI
Reporting
Monthly
File 02Registers

Four registers. One discipline.

The book is led by metal. Everything else earns its place against it.

  1. 01The anchor

    Precious metals

    Gold first, and silver where it earns the room. This is the centre of gravity of the book rather than a hedge bolted on at the edge of it.

  2. 02Proprietary

    Algorithmic strategies

    Systematic models, executed to written rules and without discretion at the point of execution. The mechanics are the firm's own and are not disclosed.

  3. 03Bounded

    Digital assets

    A capped allocation to the largest and most liquid digital assets. Sized to be survivable in every case, and decisive in none.

  4. 04By exception

    Select alternatives

    Positions taken outside the listed markets, one at a time, and only where the firm can see the whole of what it is buying.

File 03Principles

How the firm works

  1. I
    Discipline over prediction.

    The programme is executed to written rules. It is not a view on the direction of any single market, nor a story about macroeconomic conditions. It is a process, applied consistently, day after day.

  2. II
    Capacity is a risk decision.

    The size of the book is set by what the programme can execute without degrading it, and by nothing else. Capacity is reviewed rather than assumed, and it is the firm's decision to make, not the market's.

  3. III
    Considered silence.

    Investors receive a monthly statement and are otherwise not asked to attend to their capital. The absence of noise is intentional; it is one of the reasons the programme works.

File 04Structure at a glance

The fund on paper

IDomicileBritish Virgin Islands
IIStrategyFour registers, gold-led
IIIMinimum subscriptionUSD 20,000
IVValuationMonthly NAV strike
VReportingMonthly statement
VIRedemption noticeThirty days
File 05Cadence

One rhythm, held to.

The month is the unit of measurement. Everything else is left to the programme.

  1. 01Strike
    Net asset value is struck.

    On the first business day of each month, NAV is calculated to a written procedure and recorded immutably. Subscriptions received in the preceding month are settled at this strike.

  2. 05Statement
    The statement is issued.

    Each investor receives one page: opening balance, contributions, distributions, and closing balance. No commentary, no chart, no exposure detail.

  3. ·Interval
    The programme runs.

    Between strikes there is nothing to attend to. The programme executes to rules. Investors are not asked to hold a view.

  4. T-30Redemption
    Notice window opens.

    Redemption is settled at the strike following a thirty-day notice period, on the same page as subscription. There is no gate.

File 06An invitation

Written to a director.

The programme is offered by introduction. If it appears to fit, write to us, and a director will reply personally. Replies are ordinarily within two business days.

Request an introduction
The firm is not registered with the U.S. Securities and Exchange Commission and does not accept U.S. persons.