MGM Fund returned +3.8% for the quarter, which was perhaps best described with one word - turbulence. Participate but with caution remains our mantra. We are increasing allocations to Real Assets in an Artificial Intelligence landscape.

2Q25 was a violent quarter, with a single tweet swinging markets 5 to 10% in either direction on any given day. Read the 2Q25 Factsheet for changes we've made along with the Investor Note for more.

An alpha of +2.0% during 1Q25. I continue to believe CY25 will reward prudent risk control unlike over the last few quarters.

An alpha of +3.5% during 4Q24. CY25 will reward prudent risk control unlike over the last few quarters. Read our Investor Note for more.

A few names surfacing in our Top Holdings, including a tactical hedge for the high uncertainty market setup. More in the 3Q24 Investor Note.

It's Nvidia's playground and we are all playing in it. Over the last 6 months, roughly 60% of the S&P 500 returns have been driven by 5...

Our Fund is off to a steady start in what promises to be an interesting year on the macro front. Please review the 1Q24 Factsheet for more.

After being flat from 24Jan23 to 31Oct23, the ACWI sprinted after listening to Mr. Powell. We walked but clearly not fast enough.

An economic season transition is unfolding in plain sight. Yet many investors remain in denial. Moderate for more remains our mantra.

Invert, always invert. In a world craving artificial, we prefer being real. That's 2Q23 in a nutshell.