HedgeF011 · Vintage 2017Open
Blackcairn Global Macro
Blackcairn Asset Management
Discretionary global macro trading rates, FX, and commodities with a top-down thematic overlay. Run by ex-central bank PM.
Global MacroDiscretionary MacroGlobalArticle 6
Performance · since fund launch
Cumulative net return
19.1%
since inception
Compare with
| Fund vs indexes | 1Y | 3Y | 5Y | Per year since launch | Yearly volatility | Largest drop |
|---|---|---|---|---|---|---|
| Blackcairn Global Macro | +15.6% | +0.9% | — | +2.6% | 7.9% | -18.9% |
| HFRI Fund Weighted Composite(illustrative) | +4.5% fund +11.1pp | +12.1% fund -11.2pp | — | +4.8% fund -2.2pp | 3.9% | -4.0% |
| S&P 500 Total Return | +26.3% fund -10.7pp | +33.1% fund -32.2pp | — | +19.7% fund -17.0pp | 18.2% | -23.9% |
| STOXX Europe 600 | +12.7% fund +2.9pp | +20.0% fund -19.1pp | — | +11.4% fund -8.7pp | 13.7% | -20.5% |
Sources: HFRI FWC — Illustrative mock data · S&P 500 TR — Yahoo Finance (^SP500TR) · STOXX 600 — Yahoo Finance (^STOXX, price index). Index data aligned to the fund's quarter ends.
| Quarter | Quarterly return | Sharpe |
|---|---|---|
| 2022 Q1 | -6.27% | 1.38 |
| 2022 Q2 | -4.36% | 1.61 |
| 2022 Q3 | -4.47% | 1.40 |
| 2022 Q4 | -5.14% | 1.36 |
| 2023 Q1 | +3.97% | 1.40 |
| 2023 Q2 | +1.51% | 1.31 |
| 2023 Q3 | +3.43% | 1.21 |
| 2023 Q4 | +5.89% | 1.41 |
Terms
Target fund size£3.5bn
Current AUM£2.4bn
Min ticket£5m
Largest investment accepted£250m
Target net IRR10–14%
Minimum time investors must stay in1 year
Management fee1.50%
Carry / performance20%
ESG / SFDRArticle 6
Liquidity
Monthly liquidity with 30-day notice. 1-year soft lock with 2% early redemption fee.
Investment highlights
- Positive in every calendar year since inception
- Sharpe consistently > 1.3
Top 5 holdings
Largest positions · % of fund · simulated
- Highgate Realty13.1%
- Beacon Telecom9.8%
- Pinnacle Retail8.9%
- Atlas Industries7.6%
- Crestline Auto5.2%